Greenville, SC Home Buyer's Blog

Understanding Market Appreciation
September 17th, 2008 4:32 PM
Market Appreciation is measured by calculating the median price of a home and comparing it to the same number at a different point in time, usually year to year. "Click on this link" to view our current MLS year to date statistics. The number can be deceiving if you are not familiar with the local market. Appreciation varies widely depending on price point and geographical location. Knowing and understanding the nuance of a local market can mean the difference in your home appreciating during the first couple of years or just catching up to the market. Remember, You make money in real estate when you buy it. You don't realize the profits until you sell it, but you make the money when you buy it.

Posted by Keith Clark on September 17th, 2008 4:32 PMPost a Comment (0)

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