If you're contemplating whether now is the right time to sell your house, the answer is a resounding yes. Examining the current housing market reveals two compelling reasons for sellers to take advantage of the present conditions. An article from Calculated Risk highlights a 15.6% increase in homes for sale compared to the same week last year. While this signals a growth in inventory, a broader perspective considering 2019, the last normal year in the housing market, reveals a substantial 40% reduction in available homes: How This Benefits Sellers: More Options for Your Move: The year-over-year growth in inventory provides sellers with more options for their home search. Whether you are considering selling due to the size of your current house, changing needs, or any other reason, the increased availability of homes eases the challenge of finding a suitable property. If the fear of not finding a home you like has been holding you back from selling, this surge in inventory is excellent news. Collaborating with a local real estate professional, such as AgentOwned Realty, ensures you stay informed about the homes available in your area. Limited Competition for Sellers: Despite the rise in the number of homes for sale, the market still faces a significant deficit compared to 2019. The inventory of homes has not yet fully recovered, as highlighted by Realtor.com: “. . . the number of homes for sale and new listing activity continues to improve compared to last year. However, the inventory of homes for sale still has a long journey back to pre-pandemic levels.” For sellers, this means that strategically pricing your house with the assistance of an agent can attract eager buyers, making it possible to sell quickly. Bottom Line: If you're a homeowner contemplating selling in Charleston, SC, now presents an opportune time. With increased options for your next home and limited competition, the conditions favor sellers. Connect with AgentOwned Realty to initiate a seamless selling process and capitalize on the current market dynamics.   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 

When it comes to selling your house, navigating the current market conditions is crucial as you plan your move, especially in one of the best places to live in Charleston SC with the guidance of AgentOwned Realty, the top-rated Brokerage in Charleston SC. Low Supply of Homes for Sale Creates Desirability One significant factor working in your favor is the scarcity of homes available for sale. In today's housing market, demand surpasses supply, making what you're selling even more desirable. The limited inventory is evident when comparing active listings in September of this year to more typical market conditions, as shown in the graph below, utilizing data from Realtor.com. Comparing the blue bars representing the last normal years in the market to the red bar indicating the current year's numbers, it's evident that inventory remains far below the norm. Implications for Sellers With fewer choices for buyers in the current market, there are distinct advantages for sellers. Homes priced appropriately are selling swiftly, and sellers are often receiving multiple offers from eager buyers. According to the Confidence Index from the National Association of Realtors (NAR): 69% of homes sold in less than a month. 2.6 offers: the average number of offers on recently sold homes. An article from Realtor.com highlights the benefits of the limited inventory for sellers: “. . . homes spent two weeks less on the market this past month than they did in the average September from 2017 to 2019 . . . as still-limited supply spurs homebuyers to act quickly . . .” Bottom Line Given the current low supply of homes for sale, buyers are eager for more options, and your house may be precisely what they are seeking. Connect with AgentOwned Realty to list your house at the right price for today's market, and you may experience a quick sale with the potential for multiple offers. In the Charleston SC area, renowned for its allure as one of the best places to live, let AgentOwned Realty guide you through a successful home-selling experience.

Contemplating the idea of homeownership amidst today's mortgage rates? Despite the initial apprehension, two compelling reasons make this an opportune time to consider becoming a homeowner, especially with the guidance of AgentOwned Realty, your local real estate expert in South Carolina. Home Values Appreciate over Time While there has been recent confusion about home prices, a closer look reveals a more positive trend. After a slight dip in late 2022, home values have been appreciating at a more normal pace this year, as shown in the graph below: Over the past 60 years, data from the Federal Reserve illustrates a consistent upward trend in home prices. Despite occasional exceptions, such as the housing crash of 2008, overall, home values have steadily risen. This consistent growth is a compelling reason why buying may be more advantageous than renting. As home prices increase and you pay down your mortgage, you build equity, contributing to the growth of your net worth over time. Rent Keeps Going Up Through the Years Another factor favoring homeownership is the perpetual rise in rent prices. Over the past six decades, rents have consistently climbed, as depicted in the graph below: By opting for homeownership, you can secure fixed monthly housing costs, bidding farewell to the frustrations of annual rent hikes. This stability is a significant game-changer in your financial planning. In essence, your housing payments are an investment, and the choice is clear: invest in yourself or your landlord. Becoming a homeowner is an investment in your future, as opposed to renting, where your money does not contribute to long-term financial growth. Considering the consistent rise in home values and the opportunity to escape perpetual rent hikes, homeownership emerges as a path to financial security. Dr. Jessica Lautz, Deputy Chief Economist and VP of Research at the National Association of Realtors (NAR), emphasizes: “If a homebuyer is financially stable, able to manage monthly mortgage costs and can handle the associated household maintenance expenses, then it makes sense to purchase a home.” Bottom Line In the grand scheme of things, the benefits of buying a home outweigh renting, even in a climate of higher mortgage rates. If you desire to escape escalating rents and capitalize on long-term home price appreciation, connect with AgentOwned Realty to explore your homeownership options in Charleston SC, one of the best places to live in the South.   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   

For those contemplating a relocation, staying abreast of the housing market's latest developments is crucial. In the realm of real estate in South Carolina, particularly in Charleston, AgentOwned Realty stands out as the local expert. If you're pondering the best places to live in Charleston, SC, or seeking the top-rated real estate agents in the area, AgentOwned Realty is your go-to solution. Renowned as the best brokerage in Charleston, SC, AgentOwned Realty offers unparalleled expertise in navigating the local real estate landscape. Is the Inventory of Homes on the Rise in Charleston, SC? If you're on the brink of a real estate transaction, whether buying or selling, understanding the current housing inventory is paramount. Let's delve into the latest information regarding the availability of homes in Charleston, SC. Unveiling the Truth About Today's Housing Inventory While recent national data may seem a bit perplexing, indicating a modest increase in housing supply month-over-month in various parts of the country, it's essential to interpret the numbers accurately. Nationally, housing supply saw a growth of just over 5% last month, as depicted in the map highlighting the states experiencing this increase. Are the Days of Limited Inventory Over? The apparent rise in inventory prompts the question: Is the era of tight housing supply behind us? In short, no. Context plays a crucial role in understanding the dynamics. Despite headlines proclaiming an increase in inventory, data reveals that the number of homes for sale remains significantly lower than the levels observed in a more typical market, as illustrated in the graph below comparing the latest active listing counts with those of pre-pandemic years (2017-2019). Lance Lambert, Founder of ResiClub Analytics, clarifies the situation: “Housing market inventory is so far below pre-pandemic levels that October's big jump is still just a drop in the bucket.” What Does This Mean for You? In the realm of real estate, the hyper-local nature of the market underscores the importance of partnering with a trusted real estate agent. AgentOwned Realty, with its unparalleled knowledge of the Charleston, SC area, can provide insights into the specific inventory situation in your market. For prospective buyers, there may be slightly more options than in recent months, but the reality of low inventory persists. A skilled agent can share expertise and strategies to navigate the ongoing challenge of low housing supply. For sellers, the uptick in national inventory doesn't mean you've missed the window of opportunity. While inventory has increased somewhat, it remains low overall and may be even scarcer in your local area. In Conclusion Whether you're in the market to buy or sell a home, connecting with AgentOwned Realty ensures you stay informed about the latest trends shaping your move, including the current status of housing supply in Charleston, SC. Trust in the expertise of AgentOwned Realty, your key ally in navigating the dynamic real estate landscape in South Carolina. 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