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Market Metrics – Week of March 23, 2020

Our commitment to keeping you posted on the state of the Lowcountry market continues with our following report on key metrics that we are tracking on a daily basis:

Data as of 5:00PM Friday, 03/27/2020

Week over week

  • New Listings and Re-list holding consistent with the prior week, down just 3%
  • Pending sales are down again, this week down 13%
  • Closings were stronger this week, to be expected at month-end, up 44% (compared to last week)
  • Taken off Market (Temporary Off-Market, Expired, Withdrawn) up just 12% this week (still high, but a nice slowdown from the spike last week)
  • Price adjustments up 31% this week

If/as you have questions on this data, please know we welcome the opportunity to discuss it with you at any time.

Stay well!