Market Metrics – Week of March 16, 2020
Together, we are witnessing and experiencing events unfold across the country and into the Lowcountry, the likes of which we have never seen.
While it’s more and more clear the direction things are headed in terms of social and business engagement for the near-term, it’s less clear exactly what impact it will have on the real estate market in both the near-term and far-term…but rest assured that we are monitoring key metrics on a daily basis so that we have the best data to share with you now and moving forward.
As of today, both buyers and sellers remain active in the market. In our MLS, we saw 17 new sales on Thursday, another 29 on Friday, and 15 more on Saturday. We are NOT seeing a high volume of price drops at this time, and we still have a steady number of new listings coming onto the market.
Online buyer traffic remains steady/strong. We had 25 new buyer leads yesterday/Sunday alone, and the volume of viewed listings on our site is healthy.
I’ve attached our metrics report for your reference and information so you can see how and what we are monitoring when it comes to the local market inventory and pulse.