We are already approaching the Spring Real Estate Market in Summerville! If you are planning to sell your Summerville home in 2019, you will want to make sure you list your home for the right price. Paying attention to where local and national experts believe home values are headed will help you in this endeavor.
According to the latest data from CoreLogic, home prices increased nationally by almost 5% in 2018. According to my local Summerville Market Reports, home prices increased 5.1% in the Charleston Tri-County area in 2018.
Actual Price Change by State
Photo from CoreLogic, Keeping Current Matters
We all know that real estate is local. Every state has its owns gains and losses and coastal South Carolina continues to be a desirable place to live and homes for sale in Summerville continue to appreciate. The CoreLogic prediction for the country comes in at 4.6%. The prediction for South Carolina is 5.4%. For a median priced home for sale in Summerville this is a $12-$15,000 increase.
Forecast By State
Photo from Core Logic, Keeping Current Matters
Now that you have the information about what is happening locally and nationally in the real estate market, you can talk with me about setting the correct list price for your house.One of the biggest mistakes I see homeowners make in this kind of market is pricing their homes too high. When it doesn't sell, they must reduce the price later which can lead buyers to believe there is something wrong with the house. The homeowners also miss the initial excitement and interest a new listing has when it first hits the market. Letting that first crop of buyers slip through can be a grave mistake.
With the fast approaching Spring Real Estate Market in Summerville, contact me to talk about selling your Summerville home and listing your home for the right price.
*Originally Posted at www.SummervilleRealEstate.wordpress.com**
