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May 2021 Real Estate Market Report | Hilton Head / Bluffton

As we approach the mid-point of 2021, I’m pleased to share with you the market-area stats through May!

Recalling once again that May of 2020 was a time when the market was just getting its footing around COVID, it makes for interesting comparisons here just one year later, and here are the stats:

  • New listings are up 26% in May 2021 vs May 2020
  • Pending sales are almost even for May 2021 as compared to May 2020.  May of 2020 is when we started seeing the “new market” emerge with a spike in sales activity that kicked off one of the most substantial upticks in real estate activity we’ve ever seen.
  • Closed sales year over year are up 65% in 2021 vs 2020, reflecting both the slow-down we saw when COVID hit last year, as well as the market sales steadiness we have seen so far this year.
  • With the low inventory and high demand, the average sales-price-to-list-price ratio has hit an all-time high for our market at 98.8%.

Looking ahead, it is interesting to imagine how the second half of 2021 will compare to the second half of 2020, which posted some impressive numbers at a time when we had a good bit more inventory for sale.  For your convenience, here is a closer look at market activity for the month of May 2021

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