If you’ve been waiting for the market to bottom… you’re 11 months late.
CoreLogic’s home price index shows that home prices nationwide in January rose 9.7 percent year-over-year, posting their largest percentage increase since April 2006. It was the 11th consecutive month of month-over-month increases in existing-home sales, according to CoreLogic’s index.
It’s worth noting, however, that all markets are local. Just as there is not national weather forecast, there is no national market. Only averages.
Although there are still tremendous values for savvy buyers, the momentum is back in the Lowcountry. Our local MLS reported that January saw the highest number of sales on record since our local MLS starting keeping records in 1977.
If you’re looking to enjoy ownership in the Lowcountry – now is the time.