According to county data, it is a seller's market, with 99.2% of sellers getting the asking price or more within 23 days or less of being on the market. There are many factors that help people decide to list their home on the market. Here are two really great reasons why right now is the perfect time to sell your home in North Carolina and South Carolina:
SELLERS MARKET:
While there are always several factors that impact any market’s conditions, here are a few relating to the local market:
1) Low Inventory– The supply of houses available for sale is decreasing each month. When there are less houses available on the market, it decreases the competition amongst listings for traffic and marketing. This can lead to favorable negotiations in price and terms for the sellers.
2) Increased Closings– The amount of houses selling is increasing locally. This demonstrates that buyers are active in this area and are happy to buy when they find the right property. Houses are selling quickly in the area, and according to data, they are selling at an average of nearly 99.2% of the asking price, which is another great indication of a seller’s market.
3) Time Spent on Market– The amount of time the houses are spending on the market is less than 23 days according to data. This is a very strong indicator of a moderate to strong seller’s market. The range of time spent on the market varies slightly based on price point, however, the low average time spent on the market is a great indication of the seller’s potential strength in this market.