Market Update - 8/5/24
Hello friends. I am coming to you with a quick market update. We have just hit August and the buying activity, it has dipped just a bit, although that's pretty typical for us this time of the year. I don't know that it's going to sustain that way, though, because interest rates are also going down. At least that's what the economists are saying.
And so with that, we're going to probably see a little uptick in our buying activity over the course of the next few weeks. It's going to be interesting to watch how the market goes because we've also got a lot of talk with Olympics going on and election season. So stay tuned. I will keep you updated. But the last week's activity did dip down.
We had 267 sales that happened. And just to give you perspective, back in July we were sitting about 325 to 340. So buying activity has dipped and so have interest rates. Stay tuned. I will keep you updated.
Here's what I want you to know, though. I want to be your go to source for all things real estate. That's what I want people to think of when they think of Roni Haskell, That SC Real Estate Chick. Let me know how I can serve you. Do you have a friend that's looking to buy or sell? Maybe it's this fall, winter or even into next year? Let's go ahead and start the conversation. Let me know how I can assist.
-Roni
That SC Real Estate Chick's Blog
