August 2018 Bluffton/Hilton Head Market Report

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    Hello from the Lowcountry!

    As always, I am pleased to present you with great data on the state of the real estate market in the Lowcountry, through 2018 in this edition.

    Year-to-date in 2018, the key data-points continue to hold VERY STRONG through August, including a 12.7% increase in Pending Sales, a 14.8% increase in Closed Sales, a 10.7% drop in average Days on the Market, and a 5+% jump in both Median and Average Sales Price.

    For a more in depth look, please enjoy viewing the local Housing Supply and Monthly Market Indicator reports.

    Notably, prospective buyers might be smiling a little more right now as there was a sizable jump in new listings that were introduced to the market in August. With 674 new listings, that’s a 28% increase over what we saw as new listings in August 2017.

    The other GREAT news is that we had effectively zero impact from Hurricane Florence, and, therefore, our thoughts, prayers and offers to help are being focused on those north of us.

    Thanks for your time today, as always, and have a great week ahead!

    Best

    Chip

     


    Monthly Indicators

    Housing Supply Overview

    Reports by Area / Plantation

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