December 2018 Hilton Head/Bluffton Market Report | Hilton Head Real Estate

Happy New Year, and here’s hoping your January is off to a great start!

As always, we are pleased to share with you the latest market updates, including some great year-end data on how the 2018 market performed.

While December was a quieter month for closed sales (down 16.3% from the same month in 2017), pending sales were up slightly, and, more importantly, the overall year ended with the total annual Closed sales UP 10% from the year before.

Median (ie., the middle figure of the dataset), as well as Average sales prices, were both up around 5% from 2017. And the Days on Market average dropped to 134, while the Average List Price to Sales Price ratio bumped up to 96.6%!

The year ended with a total listings inventory of 7,076 (including homes, villas and lots), which is up over 11% from the year-end in 2017…and we expect that inventory will stay strong into the spring market, giving buyers some much-needed options as they make their 2018 purchases.

We are preparing our 2019 Market Insights Report, which we look forward to sending your way here shortly, hoping it gives just that much more perspective on the in’s and out’s of the Lowcountry marketplace.

Here’s to a great week ahead, and a good balance of your January as well!

Best-

Chip

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