While the housing market continues to shift with rising mortgage rates and increase inventory and as we move into the second half of 2022, is it still a good time to buy or sell?

With the state of the housing market quickly changing I can see how confusing it can be if you are a seller or buyer trying to do decide if NOW is the right time to buy or sell. I am going to break down what's happening in the real estate market here in Richland and Lexington Counties so that you can make the best decision when it comes to probably one of your largest assets, which of course is your HOME!

Let's take a look at what's happening in Chapin, SC (29036). At the time of this blog, there are 133 active listings, 3 homes pending, and 80 homes that were sold in the last 30 days. Homes sold for an average of $480,239 and were on the market for an average of 44 days.

In Lexington (29071-29072), We have 239 active homes on the market with 18 pending and 171 sold so far in September. The average sale price was $375,333 after spending 24 days on the market.

So you can see, with the changing market, it is no surprise to us that homes are staying on the market longer. With the constant shifts, you need an agent to help guide you through your next moves in real estate.

I would love to connect with you TODAY to get more information and I can strategize about what to do with your home. 

Beth Tamminga with EXP Realty and I'll lead you the way home! Thanks for reading.

Click here to watch the Local Market Update (Chapin & Lexington, South Carolina)