AgentOwned Realty Insights - Houses in Charleston SC Are in High Demand

Contemplating the sale of your house? Here's encouraging news: while the current housing market may not be as frenzied as the 'unicorn' years, when homes were selling at an unprecedented pace, they are still selling faster than the usual rate.

Utilizing data from Realtor.com, the graph below illustrates the median days on the market for every January from 2017 through the most recent figures. Days on the market, as defined by Realtor.com, indicate the duration from listing a house for sale until its closing date or removal from the market. This metric provides insight into the speed at which homes are selling compared to typical years:

Examining the latest data (shown in green), it's evident that homes are selling at an accelerated pace compared to the typical rate (shown in blue). Notably, the only instances when homes sold even faster were during the exceptional 'unicorn' years (shown in pink). According to Realtor.com:

“Homes spent 69 days on the market, which is three days shorter than last year and more than two weeks shorter than before the COVID-19 pandemic.”

What This Means for You: Homes are selling faster than the seasonal norm, and your property could follow suit. The heightened demand is attributed to a surge in homebuyers with the decline in mortgage rates, coupled with a limited inventory of homes. Mike Simonsen, Founder of Altos Research, notes:

“. . . 2024 is starting stronger than last year. And demand is increasing each week.”

In Conclusion: If you're contemplating selling your home, the recent data suggests it's an opportune time. The housing market, especially in Charleston, SC, is displaying strength beyond the usual seasonal patterns. To stay informed about the dynamic real estate landscape in our locality, connect with AgentOwned Realty, the local real estate expert in South Carolina and the best brokerage in Charleston, SC. Your home could be the next to find a swift buyer in this bustling market. Let's stay updated together.

If you’re looking for your dream home, or if you need to sell your existing home, we can certainly help, our agents are ready and able! Agent Owned is a full service brokerage that can assist you in getting pre-qualified to loan approval. We can help you with title insurance, home insurance and the warranties you need to protect your most valuable asset. At AgentOwned, we have helped thousands of people buy and sell their homes, we have been in business for over 30 years and know what it takes to get the job done right the first time. 

Each agent has access to a team of qualified professionals from attorneys to mortgage specialists and access to a knowledge base of highly experienced Brokers that can handle any situation. Find the right agent now at: https://www.agentowned.com/all-agents 

To learn more about South Carolina including schools, employment and more see: https://www.agentowned.com/moving-to-south-carolina 

If you’re interested specifically in the Greater Charleston area see: https://www.agentowned.com/moving-to-charleston-sc 

If you’re looking for information about Manning, Sumter and the Lakes Area, see: https://www.agentowned.com/moving-to-manning-sumter 

And if you’re interested in the greater Anderson area see: https://www.agentowned.com/moving-to-anderson