Blog > Should I sell?
Do I sell now? Is there anything to buy? But where will the market be in six months?! These are all questions that I’ve been hearing recently from clients. With rising rates and an uncertain economy, people are justified in questioning whether now is a good time to make a move.
Luckily, Charleston is still a very in-demand market and values have held. Year to date, our median sales price is up 15.4%. So, for those that opted to pull the trigger a year ago, they now have 15.4% more equity (and overall worth) than they did a year ago. Real estate is consistently said to be the best investment you can make. And the numbers here prove that point.
Beyond values tracking up, we’ve also seen a slowdown in transactions which is helping to normalize the marketplace. During the past couple of years, it’s been historically difficult to buy due to low inventory, bidding wars, etc. It’s now becoming a much better environment for buyers. So if you’ve been on the fence, don’t be. The Charleston market remains a solid investment.
To learn more about the local market, contact me today.
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