How important is it to know your market? Please see the chart below.

It is starting to annoy me that every statistic, average sold price, and other market information is continually compared to last year. As I look at market reports for Greenville, SC and listen to other realtors discuss the numbers it boggles my mind that they seem to think that the increase in sales and prices would continue to go up no matter what. It is such a narrow focus on the market that it gives a very warped view of reality. This chart shows that the market is coming back in line with a normal market. No doubt sales and prices have dropped, but it doesn't need to cause a widespread panic. There are many other economic factors that are affecting life and causing much pain to individuals. However, the last five years were extraordinary and the coming five years will be extraordinary. Both periods will have both good and bad mixed in together. Get a bigger picture of what is happening and it will help to calm your nerves.

When it's time to buy or sell real estate in Greenville, SC you need to work with a realtor who is honest, trustworthy, and knows the market. The Dave Edwards Global Team makes a strong effort to keep up with Greenville, SC market trends by analyzing market information on a daily basis. Who do you know that needs to sell? Contact us today at 864.275.7250

 

 

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