Home Prices Up in 93% of Measurable Markets [INFOGRAPHIC]

by Hilton Head Real Estate Partners August 24, 2015 0 comments
Financing, Home Owner Resources, Home Seller Resources, Infographic, Real Estate Update

Home prices continued their steady rise in most measurable market areas in the second quarter of 2015 with many up 93% due to insufficient inventory for market demand.

Locally, the Charleston Metro Median Home Price was $244,500; representing a 4.6% year-over-year change!

Other highlights from The National Association of Realtors® report included:

  • The national median home price for Q2 is up 8.2% to $229,400
  • The income needed to afford the median home in each region is directly impacted by the amount of the down payment.
  • The larger the down payment the lower the income needed to pay the monthly mortgage payment.

20150821-Metro-Prices-Graph

 

Bottom Line

Contact Jo Anne or Tony Rizza at 843-301-5825 to evaluate your current home’s market value or to view other great real estate properties in the Hilton Head Island/Bluffton area!

Hilton Head Real Estate Partners
Partnering with you every step of the way.

 

by Hilton Head Real Estate Partners August 24, 2015 0 comments
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