York County Real Estate Market Update- Is Now the Right Time for You?

Experience the Market Insights: Before digging into the detailed recap, we invite you to watch the video presented by the Bigach2Follow team at Keller Williams.

"How's the market?" It's a question we hear constantly, and understandably so. But the truth is, the answer depends on a variety of factors: Are you buying, selling, investing? Using cash or getting a loan? Needing to rent? Ultimately, what many people are really asking is, "Is now the right time for ME?" And the answer, as you might guess, is not one-size-fits-all.

Buying Considerations:

If you're considering buying, have you spoken with a lender yet? Do you understand what to expect and are you prepared for the journey ahead? If not, don't worry – we're here to help. Schedule a 30-minute sit-down with a local expert from our team, and we'll guide you through the entire process, from understanding your financials to potential savings that working with us could offer – up to $15,000 dollars.

Selling Insights:

On the flip side, if selling is on your mind, we've got you covered there too. Connect with us for a complimentary 30-minute consultation. Our listing specialist will visit your property, walk you through market statistics, and outline what you can expect during the selling process. It's all about empowering yourself with information to make the best decision for your situation.

Market Update:

Now, let's talk numbers. In York County, 416 new listings hit the market in February – that's 101 more homes than last year and 88 more than the previous month. Homes are staying active for about 40 days before going under contract, contributing to a slight increase in the months of supply to 1.5.

Impact on Prices:

Despite the slower pace, average sales prices have remained relatively stable. Year over year, we've seen a 14.5% increase, with only a minor decline of less than 1% from January. And don't be fooled by the term "slower market" – more homes closed this February compared to last, showcasing the resilience of the market.

Negotiation Benefits:

Negotiation isn't just advantageous for buyers – it can also help sellers achieve their goals. In fact, sellers received 96.6% of their asking price, a slight uptick from both last year and the previous month. There's plenty of room for a win-win scenario.

Conclusion:

What are your real estate goals? Whether you're buying, selling, or investing, we're your local experts in the York County and Charlotte metro area, ready to assist you every step of the way. Let's start by arming you with the information you need. Schedule your 30-minute consultation today and let's make your real estate dreams a reality.