Mike's Montage Message - Player or Spectator?
Spring has almost sprung and wanted to give an update as I seek to address sales, new listings taken, and standing inventory here in the metro Charleston area.
(1) The Charleston housing market saw 373 properties go under contract last week. The median number of properties that typically go under contract last week (the 8th week of the year) is 310, so the market is running about 20% ahead of "normal". You will note that the pace of sales has slowed significantly versus last year. We believe that the very low level of standing inventory that is available to sell is driving this. In other words, there is plenty of demand (buyers) just a very limited pool of supply (sellers). The good news is that I have innovative programs that can position you to win the deal just like many of my other clients aka raving fans. Interested in learning more email text or call me, I'm here to help especially if you are serious about getting into action.
?Follow the orange line below:
(2) Standing inventory has dipped to roughly 1,000 Active listings, a record low and well below the 11,000 Active listings that are needed to stabilize the market (and thus prices) based on current demand levels. Getting this in context means there are effectively over 10 buyers pursuing every transaction. Correction to secure a balanced market suggests we are a generation out (defined as the number of years from the birth of a parent to the birth of a child) which clearly is at variance with the "nae sayers" who predict some major correction is imminent thereby encouraging a wait and see approach. The question is are you a player or a spectator? If you are just watching that's fine but if you are ready to get into action and come off the bench let's talk.
?(3) Remember that listing inventory is coming on the market at a strong pace...more than 1,800 listings hit the market in February of 2022. Available inventory (standing listings + new listings taken) is at a very high level; ... the issue is that demand has never been this great so standing inventory isn't accumulating for the consumer to take their time to look. The opportunity for you is there. In seeking to position you to take advantage I?have access to some wonderful programs that are allowing my clients to buy before they sell their current home or buy with the leverage of cash buyer thereby winning the deal. Piqued your interest then let's continue the conversation...
?To summarize?given the market conditions above - strong demand and a low amount of standing inventory,?the time is right to focus on learning more about your level of interest in selling or buying much earlier in the decision-making process. By using the power of various exclusive tools available like InstaSolutions, the in house private?Facebook page, Ribbon Cash program you will be able to take advantage of the many opportunities to purchase that others don't have whilst locking in on a super low-interest rate which is starting to trend upwards as inflationary pressures enter the economy.?
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?In signing off for now please remember that I am here to serve you, your family, and friends who could benefit from a full-service offering. Simply connect and I will be happy to set up a quick zoom call to review your / their unique situation and thereby determine how I can best help. Expect the best always, this messaging comes from your friend in real estate aka US SCOT!
Always great to connect. Talk?soon.?
Mike Cassidy
President of Braveheart Real Estate Group
Carolina One Real Estate Services
843-906-9669 (personal cell)