How is the market now? It is a question that leads to even more questions. The real estate market can be hard to interpret, that is why you should have a real estate professional on your side. What most people want to know is if it is a good time to sell, buy or rent. If you are a seller, you want to get the maximum price. If you are a buyer, you want to get a good deal. If you are a renter, you now don't need a 720 FICO score. There are all forms of forces pulling and tugging on the principals of supply and demand.
Where are they balanced today?
Well we knew who to ask. The National Association of Realtors reports that national inventory levels are now at a 4.3-month supply. A normal market, where prices appreciate with inflation, has 6-7-months inventory. This means we are in a sellers real estate market. There is just a restriction or a lowering of the current housing inventories, based on sales. This generally can create a market where there is more competition for the housing available. This can also reduce time frames and speed up closing dates. The national market has echoed these conditions in the starter and trade-up markets, as inventory has declined.
According to Trulia’s latest Inventory Report, the inventory of homes for sale in the two lower priced markets has dropped by double digit percentages over the last 12 months (16% for starter and 13% for trade-up homes).
All real estate is local. York County South Carolina has a lot to offer. Whether you want to visit the lakes, or be entertained you will not be let down. York County also has medical centers and higher education centers available. If you are thinking of making a move, give us a call. We have the deep community roots and network to help you find your next home. We can show you all of the beautiful areas of York County.
We would like to invite you to visit ArbieTurnerHomes.com. We specialize in the Rock Hill, Fort Mill, Indian Land and Tega Cay areas of South Carolina. We have made available tours of subdivisions in each city for your review. We are deeply knowledgeable of these areas, which is why you want to choose us for your real estate needs.
Courtesy of Arbie Turner Homes Keller Williams Fort Mill SC
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