The following was taken from Roni's Live Market Update on Facebook on 6/10/22

Hello friends, happy Friday, Ronnie Haskell here, your Keller Williams agent out of the Charleston Summerville area. So once again, we're faced with a beautiful Friday and I'm on the go coffee in hand, gets me through my days. I'm an early riser and this is maybe my second, possibly my third cup for the day. But I'm here committed every Friday to bring to you news on the real estate market. That's what I get to live and breathe every week. And so, number one question I always get is how is the market? Well, it's fun to be able to bring you some information about that, to give you some insight, because as I say, oftentimes, it's, if you own real estate, then you need to be in tune with what's happening on the market. So as an expert in this field, I feel like it's my obligation and my duty to be able to respectfully answer that question for you.

                        So welcome yet again to a Friday live. Let's talk about, can I expect to get multiple offers on my property if I list today? Well, it's kind of strategy question. So when I go to a listing appointment, I talk about what a good strategy is going to be for a listing price. And you, as the seller, get to make that determination of what you want to list your price for, or list the property for. So if you're on a really high end and you overshoot the market, then you're probably not going to get multiple offers on it. However, if we strategize and as I will educate you on, if I was to sit down with you in which I get to do this, oftentimes with my seller clients. But what we look at is the comps, which is telling us what the past sales have been in the area, which is really what an appraiser's going to do.

                        We can go back as far as six months, I don't suggest going any further back, than about three or four months with that kind of sales transactions. But we look at comps, we look at forecasting, what is on the market today and discussing about what market values are for the future. What availability is for buyers in your price point in your area. And then we evaluate what a good list price is going to be. And if we aim right at the top price for your market, then can we expect multiple offers? Perhaps we can, are we probably going to see 10 offers on the house? If it's a really great house maybe, but whereas three or four months ago, the likelihood of getting five to 10 offers on every single listing was pretty high. We're not seeing that right now. On average, we're getting about two to three, maybe five offers on a property.

                        What you can expect is to still see it at list price, or maybe a little above list price. Again, it's all about strategy. I like to put a house on the market and let it run on the market for two or three days, and call for highest and best. What that allows for the seller to do is for buyers to come in, look at your house, make a determination what they value your property to be. And oftentimes that does funnel up what the market price ends up ending at. So it's all about strategy. There are about 1800 active listings on our market right now, which is higher. Last week I was excited when I got the report that we were up to 1600 active listings on the market, because in months past we've been floating around a thousand. So to last week, be at 1600 active listings, and then this week to hit 1800 listings is phenomenal.

                        I, as an agent, like to see that, because I want to see that buyers are able to have the opportunity to pick from multiple properties. Not one house, that's the market, and there's one winner and potentially 15 losers on a property. So I like that there are some options for buyers now to be able to tap in, and potentially have a chance of winning. So in our MLS, there were 360 sales. Only two of those are foreclosures or short sales guys, so if you're waiting for the market to shift downward, you're out a luck, because that's not forecasted to happen anywhere to any degree. So when you hear on the news, if you start hearing people say that we're going to be in a shifting market, well, it's going to shift a little bit. Maybe because interest rates are still steadily climbing, we're at least 2%. If not more than where we were at the beginning of the year, which affects people's affordability.

                        We are in the summer months, which people are planning for their summer moves, which is always great. And so we're seeing a lot of activity right now, but the market's not going downward. The demand is still high. And as a listing specialist, I can tell you, we are still selling properties on average in our MLS within three to five days. That's going to line you up for great success. So don't you worry. We are still going to get you top dollar, and that's what I'm here to tell you. And strategy plays a big part into it. Marketing the property, plays a big part into it, but don't you hold out waiting for the market to shift downward because that's not going to happen. We're going to see a shift in affordability. We're going to see a shift in what people can finance. And so instead of being $500,000, they may be only a $450,000 buyer, and we're not going to see 20% increase in values over the next couple of months. That's just not going to happen.

                        That's what we saw in the past couple of years, we're going to see on average between eight and 12% increase coming up. And this year that's, what's projected. That's what we're on course for to happen, but that's still excellent gain in property values guys. So that's what I'm here to report to you. Is the market still doing great, it's still healthy. We're still selling properties. So if you're looking to buy in this market, chances are, you can find a house because there is more availability right now than there has been in the last couple of years. So jump in the game if you're looking, and let us know what we can do to help over here at that the Dusty Real Estate Chicks team, I've got several agents with their feet on the ground right now, showing property. One hit the market, in fact, if you're looking, let me share this with you real quick.

                        There's a house in downtown Somerville that just hit the market this morning. I've texted several of you folks that are in my PI slide, but it's in downtown Summerville. The main house has almost 3000 square feet. It is four bedrooms in the main house. This is in the historical section of downtown. There are two cottages, both about 300 square feet each, that you can possibly rent or have as guest cottages. Really nice house, just under 900,000 list price. And I can't wait. I'm going to go show it this afternoon. I don't know who all I'm going to be showing it to, but you can guarantee that I'm going to be there this afternoon, showing it to somebody. I'm waiting, got a couple of people already in my pipeline that want to go see it. So I can't wait.

                        So if you're interested in being in downtown Summerville in it was about 3,100 square feet total. It is six bedrooms total. Then let me know. I'll be glad to add you to my list and show you that property. It's a gorgeous salt water pool out back. You got a nice private lot. So let me know if you're interested or if you know somebody that is interested. I get excited about properties that pop up around downtown Somerville, but reach out to me anytime. I'd be glad to help. Be glad to talk to you. Happy to chat with you about how you can get financing on your next home, and how to make that transition happen.