Welcome to the Collins Group Realty September 2013 Market Update
Happy Halloween from HHI!
There’s nothing SCARY about these market highlights, except maybe to anyone who has been sitting on the “fence” to make a purchase:
- Inventory of properties for sale in our market had dropped 17% from this time last year, continuing a consistent-decline over the past 3 years.
- The Housing Affordability Index for our area has bottomed-out and been climbing over the past few months. For those who wish to buy at the defined-bottom of the market, this is a key factor to consider. And since no one knows the bottom until it is behind us, this is worthy of consideration.
- The time on market required for properties to sell has dropped SHARPLY over the past 2 months, reflecting a growing number of instances of properties selling in very short order. This stat has dropped 13% from this time last year.
- The number of new listings coming on the market is down by nearly 15% compared to last year, as fewer and fewer sellers are entering the marketplace. Many metropolitan marketplaces are facing an inventory crisis, and it seems that trend is trickling our way, too!
As a final piece of good news, the anticipated hikes in flood insurance premiums for certain-elevation properties may soon be put on hold, pending Congressional and Presidential approval. Stay tuned…as this is one SCARE that we would all like to have behind us…
Have a great November ahead!
Colleton River Plantation Real Estate Search
Folly Field Market Pulse
Folly Field Real Estate Search
Hampton Hall Real Estate Search
Hilton Head Island – Off Plantation Market Pulse
Hilton Head Island – Off Plantation Villas Market Pulse
Hilton Head Island – Off Plantation Real Estate Search
Hilton Head Plantation Market Pulse
Hilton Head Plantation Real Estate Search
Indigo Run Market Pulse
Indigo Run Real Estate Search
Long Cove Market Pulse
Long Cove Real Estate Search
Moss Creek Market Pulse
Moss Creek Real Estate Search
Sea Pines Plantation Market Pulse
Sea Pines Plantation Villas Market Pulse
Sea Pines Plantation Real Estate Search
Shipyard Plantation Market Pulse
Shipyard Plantation Villas Market Pulse
Shipyard Plantation Real Estate Search
Spanish Wells Market Pulse
Spanish Wells Real Estate Search
October Market Pulse 2010
November Market Pulse 2010
December Market Pulse 2010
January Market Pulse 2011
February Market Pulse 2011
April Market Pulse 2011
May Market Pulse 2011
august Market Pulse 2011
august Market Pulse 2011
August Market Pulse 2011
September Market Pulse 2011
October Market Pulse 2011
November Market Pulse 2011
December Market Pulse 2011