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Take Advantage of Market Trends!

By
Real Estate Agent with Carolina One Real Estate

It's a great time to buy Charleston real estate right now. Four factors benefit home buyers in Charleston's market:

1) Low interest rates - We're seeing interest rates in the 4-5% range. A lot of home owners are refinancing right now to take advantage of the good rates. So, the rates are good news not just for home buyers, but also for current home owners.

2) Large selection of homes - Right now there are about 4,000 active listings on the Charleston MLS. Believe it or not, this number is actually higher than it was a few months ago, when there were 3,000+. It's great that we're seeing more homes for sale because it means that buyers have more options to choose from and are having to compete less often in multiple offer situations.

3) Motivated sellers - Charleston has had a strong sellers' market now for about 3 years. As more and more sellers are having to compete with Charleston new construction homes, they're willing to do a lot more now to get their homes sold. Of course, not all sellers are motivated. But, for the most part, sellers know that they have to be reasonable to sell their homes. Having more flexible sellers is great for buyers wanting to negotiate.

Comments (3)

William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

As Professionals we need to know the trends so we can info our clients

Oct 13, 2017 08:14 AM
Carolyn Roland- In Delaware and S. Chester County PA
Independent architectural histor'n - Wilmington, DE
Carolyn Roland, GRI, CRS

Lee--All sensible ideas to motivate buyers!

Oct 13, 2017 09:51 AM
Lee Keadle
Carolina One Real Estate - Charleston, SC
Keadle Real Estate Group

Thank you William and Carolyn!

Oct 13, 2017 10:07 AM