The following text was taken from a Facebook live video on 11/18/22

Hi friends! This is Friday and I always like to bring you a market update and let you know what's happening in the community. Today, I'm honored to be able to do so from a Habitat property. This morning, they're going to be raising a wall, and it's really just the acknowledgement and the excitement behind the project of building a family a home. We're out here in Dorchester County today in the heart of Summerville. It is a misconception that it's just a handout to these families. It is actually a hand up. To qualify for the housing, the family has to put work into the property with so many hours, and it's a lot of work hours that they have to be participating in the construction of the home, but also they have to qualify for a financing, a mortgage for the property.

So, it is a hand up to these families and I just really am honored to be a part of what's happening here today in Dorchester County. If you ever want to learn more about Habitat, reach out to me. I will plug you into this wonderful organization that's all about families and really giving back to the community that really serves us so well. We'll have some excitement, we'll have some photos and such to post later today of the excitement that's happening here, but as a quick market update, we are down in sales production by a little over 16% from this time last year. We are down a bit in sales numbers, but our volume is actually up in terms of sales prices. So, we are up 20% in sales prices. Guys, that's a pretty substantial number to acknowledge. And so yes, the numbers are down in the amount of sales, but again, we are way up in the amount of pricing.

A true statistic, a median sales price this time last year for the Charleston Trident area was 350, and this year we're at 405. That's the median sales price. That's a huge inflation in our prices. So, kudos to you if you own your property. It is not too late. So, here's an interesting fact as well. Yes, interest rates have gone up, but they're still well below historical averages. In fact, last week we were down about three quarters of a point. So if you're looking to purchase, this is still a good time. In fact, if you watch my TikToks and some of the fun stuff that I post, you'll see that even Dave Ramsey... We posted yesterday that Dave Ramsey is saying, "If you need a house, go ahead and buy it." Interest rates are expected to come back down in the Spring, and at that point you will refinance. Don't not buy the house because of the interest rate, guys. They are still very much affordable.

Here's why. If you, six months ago, were looking to buy a house and I had it listed at 450, you likely were going to be paying 500 for that house. So yes, interest rates are lower, but you are going to be paying a lot more. Today, if I have a listing at 450, chances are we can negotiate on that price. The sellers may be willing and able to contribute towards your closing costs. A lot of our deals right now are getting seller paid closing cost assistance, and yes, the interest rate's up, but you're still going to be calculating out about the same kind of payment. You're paying less than list price and you're getting some concessions. So, it's a give and take. Reach out to me if I can ever help you. If you're looking to buy, sell, or invest in the Charleston market or anywhere, I've got people all over the nation I can plug you into and help you. Let me be your resource and have a wonderful weekend. If I don't get to see you before next week, have a happy Thanksgiving.

Bye, guys.