This report includes single family homes that are waterfront and off water homes around Lake Keowee. The Median Price of a home is up 5.9% at $659,000.The number of homes for sale sits at

Dated: August 21 2019
Views: 223
Many buyers are wondering where to find houses for sale in today’s market. It’s a true dilemma. We see an increase in buyer demand, but the supply available for purchase isn’t keeping up.
The number of new housing permits issued prior to the great recession increased for 15 years until 2005 (from 1.12 million in 1990 to a pre-recession peak of 2.16 million in 2005). According to Apartment List,
“From 1990 to 2005, the number of single-family permits issued more than doubled, while the number of multi-family permits grew by 49 percent.”
When the housing market crashed, the number of new homes permitted decreased to its lowest level in 2009 (see below):Since then, supply and demand have been out of balance when it comes to new construction. According to the same report,
“Construction of single-family homes has recovered much more slowly — the number of single-family housing units permitted in 2018 was barely half the number permitted in 2005.”
As the U.S. population increases, there is also an increase in the need for new homes. Today, new construction is not keeping up with the increase in the nation’s population. The report continues:
“The total number of residential housing units permitted in 2018 was roughly the same as the number permitted in 1994, when the country’s population was 20 percent less than it is today.”
Essentially, the dip in home building coupled with the steadily increasing U.S. population means there is now a selling opportunity for homeowners willing to list their current houses.
If you’re considering selling your home to move up, now is a great time to get a positive return on your investment in a market with high demand. Let’s get together to determine the specific options available for you and your family.
Thank you for stopping by my site. I'm happy to help with your discovery of the Seneca/Lake Keowee area of South Carolina. I grew up in Seneca, graduating from Seneca High School in 1988. I moved back....
This report includes single family homes that are waterfront and off water homes around Lake Keowee. The Median Price of a home is up 5.9% at $659,000.The number of homes for sale sits at
This report covers residential properties on and around Lake Keowee. These properties include single family, townhomes and condos on and off water. This report is year over year/month over month.
eXp Realty has over 80 hours of training each week and provides the agent the tools needed to generate their own leads. In the example below the agent is actually not on a 70/30 split but
This report covers residential properties on and around Lake Keowee. These properties include single family, townhomes and condos on and off water. This report is year over year/month over month.