What drives home prices in Summerville (or any town for that matter) to go up or down? The answer lies in the principle of supply and demand. When there are more houses on the market, home prices start to turn down. However when the supply of houses goes down, the home prices are driven up.
The Real Estate in Summerville, SC Situation:
As of August 2016, Summerville’s months supply of homes was only a mere 2.5 months.
As of August 2016, Summerville’s inventory of homes was down 58% compared with the same time frame just one year ago.
It is more important than ever to work with an experienced and knowledgeable agent in the Summerville area. My team is privy to listings before they come on the market and can keep our eyes and ears open for you. Make sure you are receiving emails daily for me of listings that are coming on the market that meet your criteria.