The year 2021 has seen plenty of highs and lows for South Carolina’s real estate market. For homeowners looking to take advantage of the market, there were plenty of cities that benefitted as a seller’s market saw a high demand in property. And for homeowner’s looking to sell while waiting for the right time, you may have the opportunity to list your property on South Carolina’s real estate market in 2022.

The real estate market can be very volatile, especially with the current pandemic, new normal, and the threat of new variants affecting the economy and how the tides turn. So, what can you, as a homeowner looking to sell, can expect? Here’s our real estate forecast for SC for 2022.

The Best Months to Sell

Based on data compiled by Realtor.com and Listwithclever.com, the term “best time to sell” can vary for homeowners. If you’re dead set on listing your property on the market, you can choose between two “best times”: the best time to sell a house fast; and the best time to sell a house for the best price. On South Carolina’s real estate market, you can choose either, but it’s nearly impossible to choose both.

In terms of time on the market, the best time to sell your home the fastest is on July, while the worst time to sell is around January. The average time it takes for a house in South Carolina to receive an offer is 52 days. In July, the average time goes down to 36 days to receive an offer, while it can reach 74 days on January.

But if your definition of “best” is based on price, you’re better off waiting for October, where sellers get better prices for their home. On the other hand, it might be best to avoid listing in February, when sellers get comparatively less.

The Market May Be Cooling Down

Since the end of summer this year, South Carolina Realtors reported a steady decline on the number of houses sold in cities like Greenville. While this may simply be a case of more families choosing to stay before the school year begins, only time will tell if this is just a trend. After all, there’s also a nationwide decline on houses sold.

What this means is that, for most (if not all) cities in South Carolina, there’s a chance of various locations becoming a buyer’s market. This happens when there are too many homes for sale that exceed the demand, so buyers now get the advantage of having less competition. Ideally, you’ll want to sell in a seller’s market where there are so many buyers it creates a competitive market where buyers match or offer higher than market value for property.

Big City Surges

As more offices are reopening and the economy is rebuilding itself from the effects of the pandemic, expect that properties in big cities are likely to increase in value again by 2022. This means property rentals and houses for sale in big cities are likely to profit over time as more people return to pre-pandemic living.

For those who have established a new residence far away from the city, this may mean having to relocate back to the city when your office reopens or stops making remote work possible. This can mean having to sell your property when you relocate back to major cities in South Carolina or your initial pre-pandemic residence.

What This Means for Homeowners Who Want to Sell

South Carolina’s real estate market is always changing, so these predictions aren’t set in stone. While some homeowners have the luxury of waiting for the right time to best sell their home, there are those that need to sell their home ASAP.

At Sell My House Fast – Greenville, Spartanburg, Anderson, Pickles, we understand there are those undergoing relocation, divorce, foreclosure, bankruptcy, and many other reasons that require a quick sale. That’s why our business can provide you with a fair offer on your property in just 24 hours after viewing your home. We are the faster alternative to listing your property on the market and waiting for an offer.

Conclusion

The future of South Carolina’s real estate market may look good for some homeowners, but this isn’t a guarantee. For those who can’t wait months for the right time to sell on the market, there’s always Sell My House Fast GSAP ready to provide you with a fair cash offer.

Contact us today to learn more about our home buying process and how we can provide you an offer within 24 hours or less.