Blog > Market Remains Hot!
As we head into the end of the summer season, the Mount Pleasant real estate market continues to be hot with no signs of slowing down. In this market update, we will be discussing the latest trends and developments for both buyers and sellers in the area.
For buyers, the Mount Pleasant market continues to be highly competitive with less than 1.76 months of inventory available. This means that buyers need to act fast when they find a property they are interested in. Additionally, buyers should be prepared to make strong offers as bidding wars have become common in many neighborhoods.
For sellers, the news is equally positive. The average days on market has dropped to just 14, meaning that homes are selling quickly and efficiently. Furthermore, the average sales price has increased by an impressive 6.47%, which is great news for those looking to sell their home.
If you are a buyer or seller in the Mount Pleasant area, it is important to be aware of the latest market trends. Below are some additional tips for both buyers and sellers to keep in mind.
Tips for Buyers:
1. Get pre-approved for a mortgage: In a competitive market, having a pre-approval is a must have. Get this done this even before you start looking. We have lenders on our website that can get this done. www.BradleyOMaraRealEstate.com
2. Work with an experienced real estate agent: A local agent can help you navigate the current market and find properties that meet your needs and budget.
3. Be prepared to act fast: With homes still selling quickly, buyers need to be prepared to make offers quickly and efficiently.
Tips for Sellers:
1. Price your home correctly: Working with an experienced agent can help you accurately price your home based on current market conditions. Make sure your agent is spending money to market your property. We Guarantee 50,000+ views on every listing! www.BradleyOMaraRealEstate.com
2. Stage your home: Staging your home can help it stand out from the competition and attract more buyers.
3. Be flexible with showings: With homes selling quickly, it is important to be flexible with showing times and dates in order to maximize your chances of selling quickly.
In conclusion, the Mount Pleasant real estate market continues to be hot with strong demand from both buyers and sellers. With less than 1.76 months of inventory available, buyers need to act quickly and be prepared to make strong offers. For sellers, the news is equally positive with homes selling quickly and for higher prices. If you are looking to buy or sell in the Mount Pleasant area, be sure to work with an experienced local agent who can help you navigate the current market conditions.
By Bradley O'Mara
