Buyers are Tired of This Sellers Market- And They Are no Longer Going to Take it!
Posted by Mike Ciucci on
What an incredible whirlwind the Charleston real estate market has been lately. Little home inventory on the market, multiple buyers, sellers calling the shots- all of it...loved by sellers, but hated by buyers. Well I think it's finally time to let you know that...
BUYERS ARE NO LONGER GOING TO TAKE IT.
We are actually seeing a change in the market from as early as 6 weeks ago. You see, we've been in a sellers market since the onset of Covid. No surprise there. And because Covid has hit us so hard- sellers were not showing houses in the spring of 2020. So there was a lack of available homes for a large portion of 2020. Not to mention that after Covid- folks from NYC, Ohio, and California were all leaving large cities and coming to…
3072 Views, 0 Comments
I was at our weekly office meeting with Carolina One Real Estate, where we talk about current events and trends in real estate, the latest mortgage and financing issues, and a lot of the pitfalls that some buyers and sellers are experiencing in this difficult market. I have to say, a lot of agents or people in general can complain about mandatory meetings, but I tend to get a whole lot out of the discussions we have. If you have about 120 agents (in our office alone) talking about what’s happening in the real estate market- it’s a great way to bounce ideas off one another for our buyers, sellers, or to take advantage of a great listing that one agent has, that we can show one of our buyers before it hits the market.