It's The Right Time TO SELL

Posted By Shawn Pillion @ Feb 15th 2022 9:55am In: Seller Info

When you’re selling any item, you usually want to sell it for the greatest profit possible. That happens when there’s a strong demand and a limited supply for that item. In the Charleston real estate market, that time is right now. If you’re thinking of selling your house this year, here are two reasons why now’s the time to list.

1. Demand Is Very Strong This Winter
A recent article in Inman News explains:

“Spring, the hottest time of year for homebuyers and sellers, has started early, according to economists. . . . ‘Home shopping season appears to already be in full swing!’”
And they aren’t the only ones saying buyers are already out in full force. That claim is backed up with data released last week by ShowingTime. The ShowingTime Showing Index tracks the average number of monthly buyer showings on active residential properties, which is a highly reliable leading indicator of current and future trends for buyer demand. The latest index reveals this December was the most active December in five years (see graph below):
Charleston Showings

As the data indicates, buyers are very active this winter. Last December saw even more showings than December of 2020, which was already a stronger-than-usual winter. And remember – you want to sell something when there’s a strong demand for that item. That time is now.

2. Housing Supply Is Extremely Low
Each month, realtor.com releases  data on the number of active residential real estate listings (listings currently for sale). Their most recent report reveals the latest monthly number is the lowest we’ve seen in any January since 2017 (see graph below):


And don’t forget, the best time to sell an item is when there’s a limited supply of it available. This graph clearly shows how extremely low housing supply is today.

Even Though Supply Is at a Historic Low, Home Sales Are at a 15-Year High
According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), existing-home sales totaled 6.12 million in 2021 – the highest annual level since 2006. This means the market is hot and homeowners are in a great place to sell now while sales are so strong.

NAR also reports available listings by calculating the current months’ supply of inventory. They explain:
“Months’ supply refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace.”
The current 1.8-months’ supply is the lowest ever reported. Here are the December numbers over the last five years (see graph below):


The ratio of buyers to sellers in the Charleston area favors homeowners right now to a greater degree than at any other time in history. Buyer demand is high, and supply is low. That gives sellers like you an incredible opportunity.

Bottom Line
If you agree the best time to sell anything is when demand is high and supply is low, contact one of our experienced ChuckTown Homes agents to discuss listing your house today.

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2448 Cape Road
Johns Island, SC

MLS# 22003689 - Residential

FOUR bedroom, 3 bath home on Premium 2.77 acre usable lot & NO HOA restrictions! In Ground Salt Water Pool, Landscaped, horses allowed, & located in the heart of Johns Island! Popular Great Room floorplan with Hickory Wood Floors & a magazine worthy Kitchen featuring Quartz counters, oversized island, custom soft close cabinets, gas stove with pot filler, Thermador appliances, copper farm sink , touch faucet, & huge walk in pantry! Large dining area with upgraded slider to extend out to the patio! Downstairs hosts 2 guest bedrooms, 2 bathrooms, & a large laundry / mud room. Upstairs to over 800SF including the GRAND Main Bedroom suite with balcony, impressive walk in closet, spa like bath with oversized marble floored shower, rainfall heads w/dual controls, double vanities & a must see!Also upstairs is a large guest bedroom. Head outside & soak in all this property has to enjoy! Multiple patio areas including paver patio and attached stone fire pit, Inground SALT WATER Fiberglass Pool fenced, 12x24 Shed& asphalt driveway with room for all your vehicles & toys! NEW ROOF, NEW HVAC UNITS, JUST PAINTED, built in STEREO SYSTEM indoor&out, built in WIFI mesh network, Upgraded covered entry way door with sidelights, & soo much more! True Low Country living with the benefits of being close to new dining, shopping, schools, just 10mi to Beachwalker & 15 mi to Folly!" 2.77 Acres Usable Property with no HOA restrictions" Asphalt Driveway" 12x24 Shed" In ground Salt Water Pool" Paver Patio, attached stone fire pit" Upgraded Entry Way Door with Sidelights under covered Patio" New Roof" Hardy Board (concrete) Siding" Spray Foam crawlspace and attic" New HVAC Units (Upper and Lower Level)" Covered Side Entryway" Tile foyer attached mudroom/bathroom/laundry room" New Paint throughout" Custom Kitchen Cabinetry w/soft close doors and drawers" Built in Thermador Appliances" Oversize Kitchen Island" Walk in Pantry" Quartz Countertops" Hammered Solid Copper Farm Sink" Touch Faucet, Air Switch for Disposal" Upgraded Fluorescent Lighting with electronic dimmers" Upgraded Slider to patio" New Carpet on stairs" 2nd Level Master Suiteo Walk in Closet with custom cabinetryo Oversize shower, rainfall heads, Dual Hansgrohe controlso Marble Shower Floor" Built in High Quality Stereo System, indoor and outdoor" Built in WiFi Mesh Network covers property" Poplar Trim throughout

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