Home Prices Still Growing – Just at a More Normal Pace




If you’re feeling a bit muddy on what’s happening with home prices, that’s no surprise. Some people are still saying prices are falling, even though data proves otherwise. Part of that misconception is because people are getting their information from unreliable sources. But it’s also coming from some media coverage misrepresenting what the data really shows.

So, to keep things simple, here’s what you really need to know using real data you can trust.

Normal Home Price Seasonality Explained

In the housing market, there are predictable ebbs and flows that happen each year. It’s called seasonality. Spring is the peak homebuying season when the market is most active. That activity is…

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Are There Actually More Homes for Sale Right Now?




If you’re looking to make a move, you want to be sure you have the latest information on the housing market. To help make that possible, here’s an update on the supply of homes for sale today. Whether you’re looking to buy or sell, the number of homes available in your local market matters to you. Take a look below.  

What’s the Truth About Today’s Housing Inventory?

While the story for the past few years has been how few homes are on the market, recent national data may leave you feeling a bit confused. That’s because Realtor.com shows inventory is actually growing a bit month-over-month in many parts of the country (see the blue states in the map below):


As the map shows,…

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Data Reveals Top Feeder Markets for the Carolina Coastline

The charming coastal towns and natural beauty of the Lowcountry continue to attract home buyers from near and far. But exactly where are these out-of-state buyers coming from, and what counties fuel local demand? A recent MLS Demand Report from realtor.com provides some insightful answers.

Diving into the data from realtor.com’s report, we analyzed where consumer demand originates for Lowcountry real estate listings on their platform. Here’s a breakdown of the key findings:


Top Out-Of-State Feeder Markets for Lowcountry Home Demand

New York County, NY - Nearly 15% of non-local demand for Lowcountry listings originates from New York County, encompassing the boroughs of Manhattan,…

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A Look at the Key Real Estate Metrics for the Beaufort Real Estate Market from November 2023

The real estate market in the Beaufort-Jasper County region showed signs of moderation over the past 12 months, ending in November 2023. While home prices continued rising on a year-over-year basis, the rate of appreciation slowed down. Meanwhile, sales activity and housing inventory moved in directions favoring buyers.

Key Metrics - Year-Over-Year Comparison:

  • New Listings: The number of new listings coming onto the market decreased 5.2% compared to the previous year. In raw numbers, new listings fell from 4,322 to 4,100. This dip in fresh inventory contributed to the decline in closed sales.
  • Pending Sales: Pending home sales in the region decreased…

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Hilton Head Real Estate 2023: New Listings Down, Prices and Days on Market Up as Inventory Rises

The Hilton Head Island real estate market remains strong, although data from the Hilton Head Association of Realtors shows signs of balancing after years of seller's market conditions. The 12-month period ending November 2023 brought moderating price growth, stabilizing sales activity, and expanded choices for buyers.

New Listings:

New Listings experienced a decline, marking an 8.3% decrease. This reduction in new properties entering the market may have contributed to other dynamics observed within the region.

Pending Sales:

Similarly, Pending Sales decreased by 9.7%, a trend reflecting a slightly slower pace in buyer-seller agreements compared…

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Hilton Head Market Update: A Mix of Transactions and New Construction Trends

 

The Hilton Head Island real estate market remains strong and competitive in 2023. So far this year, a total of 4,753 homes and villas have sold, according to a recent search on the Hilton Head Multiple Listing Service (MLS).  As we delve into the year-to-date statistics, a clearer picture emerges of the trends shaping the market.

Sales are comprised of a mix of cash transactions, conventional loans, and FHA loans:

  • Cash Transactions: 2,076 (44% of sales)
  • Conventional Loans: 2,555 (54% of sales)
  • FHA Loans: 122 (2% of sales)

Financing Methods:

  • Cash Transactions: Year-to-date, a substantial number of transactions—2,076 to be exact—have been…

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Charter One Realty Tops Coastal Lowcountry Real Estate Rankings

Charter One Realty Company Photo


HILTON HEAD ISLAND, S.C. (November 30, 2023) – According to a recent Hilton Head Island Multiple Listing Service (MLS) ranking report, Charter One Realty once again claimed top honors for brokerage and REALTOR performance across key metrics.

Out of over 2,400 real estate professionals in the Hilton Head Island MLS, Charter One Realty has more agents ranking in the top 1% for sales volume and transactions than any other brokerage in the area.This distinction highlights Charter One Realty's dominance at the pinnacle of Lowcountry real estate, with more top producers driving sales volume than competitors.

Year-to-date, Charter One agents have brokered over $1.5 billion in property…

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Freedom Parkway Industrial Park Commences Development with Groundbreaking Ceremony


Freedom Industrial Park

Hardeeville, South Carolina -November 16, 2023 – The groundbreaking ceremony for Freedom Industrial Park was held yesterday, November 15, 2023. The event brought together distinguished figures, including developers, town and County officials, and the SouthernCarolina Alliance, to mark the inception of this transformative project.

Freedom Industrial Park is set to revolutionize the landscape with six buildings encompassing a total area of 213,600 square feet and ranging in size from 25,000 to 46,000 square feet. The groundbreaking of buildings 1, 2, and 3 represent significant strides toward economic growth and job creation in Hardeeville and Jasper County.

…

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Get in the Holiday Spirit with Upcoming Events in the Coastal Lowcountry

The holiday season is nearly here, and there are tons of festive happenings in Hilton Head, Bluffton, and Savannah to get you in the spirit. Here are some of the can't-miss events coming up in December:

Happening this month in Beaufort, SC

Beaufort Night on the Town

Friday, December 1st. This long-standing tradition kicks off the Christmas and holiday shopping season on the first weekend of December. Beaufort Night on the Town offers surprises around every corner with shops open late, carolers, tasty treats, and holiday cheer. Highlights include the tree lighting ceremony, Parris Island Marine Corps Band performances, visits with Santa, and getting a head start on unique…

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MARKET UPDATE - October 2023

U.S. sales of existing homes recently fell to a 13-year low, dropping 2.0% month-over-month and 15.4% year-over-year as of the last measure, according to the National Association of REALTORS® (NAR), as surging interest rates and elevated sales prices continue to make homeownership unaffordable for many prospective buyers.

Days on Market increased 10.7 percent to 145 days. Months Supply of Inventory was up 42.9 percent to 3.0 months. Total housing inventory going into October was at 1.13 million units, up 2.7% from the previous month but down 8.1% compared to the same time last year, for a 3.4 months’ supply at the current sales pace, according to NAR. The shortage of homes for sale is making it harder for buyers to find…

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