Metropolitan Statistical Area (MSA):
Seneca, SC is a Metropolitan Statistical Area (MSA) comprising counties including .
There are many factors influencing real estate trends in the housing market, and it can be difficult to predict what will happen in the future. However, there are some general trends that can be observed in the Seneca, SC metropolitan statistical area (MSA).
One trend that is evident is that the average price of a home has been increasing steadily over the past few years. In 2016, the average price of a home in the MSA was $144,000. In 2017, it increased to $153,000. And as of 2018, the average price had risen to $161,000. This trend is likely to continue as demand for housing in the area increases and more people are moving to the MSA.
Another trend that is apparent is that there has been an increase in new construction homes being built in recent years. This is likely due to the fact that there is more demand for housing than there are existing homes available for sale. In 2016, there were 992 new construction homes built in the MSA. In 2017, this number increased to 1,098. And as of 2018, 1,206 new construction homes had been built. This trend is expected to continue as well as prices for existing homes continue to rise.