Posts filed under Market Updates



Housing Market Update via Dr. Joey Von Nesson
Posted Sun, Feb 18th 2024 4:00 pm
At the South Carolina Realtors Capitol Conference, I was thrilled to hear a housing market update from my favorite economist, Dr. Joey Von Nesson. At the South Carolina Realtors Capitol Conference...

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January 2024 Market Update
Posted Sun, Feb 4th 2024 10:00 am
The first month of 2024 is in the rear view mirror! This January brought us what most Januarys bring us: more inventory. Fewer folks list their homes during the holidays and many make a New Year’s ...

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2023 Market Recap
Posted Fri, Jan 19th 2024 4:00 pm
To quote Vann Pennell, former principle at St James High School and human being extraordinaire, “there's a reason the windshield is bigger than the rear view mirror”. We should certainly focus more...

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December 2023 Market Recap
Posted Sat, Jan 6th 2024 9:30 am
The median price for a property sold in our area jumped $12,000 in December 2023. Many readers are scratching their head at that data point. Let’s take a look at the whole picture and dive into the...

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November 2023 Market Update
Posted Fri, Dec 8th 2023 8:00 pm
“Tis the season” of misleading headlines that don’t take into consideration what the market does every December. Below is a market recap where we crunch the numbers for you so can understand what h...

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October Market Summary
Posted Fri, Nov 10th 2023 12:21 pm
As final numbers for October 2023 are available for review, we took a look in the rear view mirror and compared last month to October 2022. Click through to read the article and learn a few insight...

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September 2023 Versus September 2022
Posted Wed, Oct 11th 2023 11:31 am
Comparing last September to this September shows some surprising similarities and differences. In 2022, the average sales price of properties in our area was $356,124. A year later, the average pr...

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July 2023 Market Recap
Posted Sat, Aug 5th 2023 1:00 pm
New Single Family Listings: 939 homes were added for sale in our area which is a drop of almost 25% from last month and almost 30% fewer new listings than last July. Of those single family homes ad...

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June 2023 Market Recap
Posted Fri, Jul 14th 2023 9:30 am
Looking at the numbers reported by the Coastal Carolinas Association of Realtors, June is pretty flat compared to May. The average price of a sold property dropped by $1,740 so prices went down a l...

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February 2023 Market Recap
Posted Mon, Mar 13th 2023 8:05 pm
Inventory is up and the spring market is here! Check out great information from Jenny King with US Mortgage and Luke Anderson with the Anderson Team at Beach and Forest Realty to learn how February...

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January 2023 Market Recap
Posted Thu, Feb 16th 2023 2:34 pm
  Join Luke Anderson with The Anderson Team at Beach and Forest Realty and Jenny King with US Mortgage to discuss what you should know about taking a look at how January 2023 finished and what it ...

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Grand Strand Real Estate Market Recap 2022
Posted Thu, Feb 9th 2023 1:10 pm
Jenny King with US Mortgage joins me to take a look at the 2022 Grand Strand Real Estate market, both from the lending perspective and from the buying and sales perspective.  Click here to learn m...

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What is going to happen in 2023?
Posted Mon, Jan 9th 2023 12:30 pm
Thankfully, we will have inventory and more homes to sell this year. Of the new inventory that is being added to the market, a significant portion of available properties are coming from new constr...

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December 2022 Market Update
Posted Mon, Jan 9th 2023 12:25 pm
December is a tricky time for buyers and sellers. Few sellers want to list their home if they have a Christmas tree up. A lot of buyers are waiting until the holidays are over before making any mov...

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Tis the Season for Lowball Offers
Posted Fri, Dec 9th 2022 7:00 pm
What is a lowball offer? A lowball offer is an offer significantly less than asking price and/or an offer price lower than the market value of a property.  From a seller’s perspective: Low ball ...

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Real Estate Market and Math - November 2022
Posted Mon, Nov 28th 2022 11:00 am
Real Estate Market and Math  The following information is based off of the average price of a 3 bedroom, single family home in the Coastal Carolinas Association of Realtors Multiple Listing Servic...

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Market Update - October 2022
Posted Sun, Oct 16th 2022 8:00 am
The market always comes down to supply and demand. Those factors drive price. At the moment, higher interest rates are reducing the number of people interested in buying. Not only primary home buye...

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Market Update from a Seller’s Point of View - September 2022
Posted Thu, Sep 8th 2022 8:21 am
My advice to sellers: take your time and listen to the market. It’s most likely going to take more time and some negotiating to get your property sold. Pricing your home correctly is a moving targe...

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What are Buyers Doing in Today’s Market? - September 2022
Posted Fri, Sep 2nd 2022 9:00 am
Short answer: Buyers are waiting. According to the United States Department of Housing and Urban Development (HUD), prices for new homes jumped $80,000 in two years. It normally takes a decade or l...

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August 2022 Market Update
Posted Sun, Aug 7th 2022 9:00 am
August Market Update:The news of the market’s demise has been grossly exaggerated. Did you know that single-family home prices went up in July? Did you know that mortgage rates have only gone up 0....

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