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We have a quick third quarter market update to share with you today, but first we wanted to quickly mention our upcoming open house. On November 6th, we will be at Cooper Place from 2 p.m. to 4 p.m., where we will be giving away 20 Kicks 99 Guitar Pull tickets. Cooper Place is located in North Augusta just off of Exit 5.
Here are a few things that stood out in the latest market statistics:
- Our median sale price is up 4.5%
- Our average sale price is up 3.1%
- The average sale price in CSRA is now $178,000
- Market inventory is down 15%
- Sellers are getting 95% of their listing price on average
It’s a good time to buy and a good time to sell.
As you can see, it’s a great time to think about selling. Inventory is down and prices are up- the perfect storm for selling for top dollar. At the same time, interest rates are still at historic lows, so it is a great time to buy and lock in a long-term rate too. You won’t be negotiating lower prices as a buyer, but you can still negotiate for things like closing costs, appliances, and home warranties so you are in a better position as a buyer.
If you have any questions for us or need help buying or selling down the road, we are always here to help. Just give us a call or send us an email any time. We look forward to hearing from you!