Is there anyone else that can’t believe it is the year 2020? I can’t believe how fast time flies! Despite some “expert” opinions the Charleston and national real estate market remained strong and grew in 2019. Unemployment is very low,the stock market is performing well, and interest rates declined significantly from 2018 helping to offset rising prices. All these factors and more improved the overall asset bases of millions of Americans. The end result for the Charleston market was an increase in the median sales price by 4.2% and closed sales were up a healthy 2.1% from 2018.
More importantly, let’s look ahead at 2020. All the ingredients are here for another great real estate year. Mortgage rates are forecast to remain very low and a healthy economy should continue to fuel a HEALTHY real estate market. As always, the key word being healthy and not irresponsible growth. Charleston continues to boom as more people call it home and companies continue to invest in the Charleston area.
Like most people my goals for 2020 are first to have a healthy happy family followed by continued growth of my profession. To me, real estate is more than a job. I truly enjoy getting to know new people and helping them find a new family home. Everything happens at home and it is not a decision to be made lightly. In just the past several weeks I have made two new friends that are starting new lives here in Charleston. Their situations are very different but their desire to find the perfect new home was the same. It’s humbling that people trust me to help guide them with such a big decision.
To all my past and future clients, thank you and here’s to a great 2020!