Lowcountry Real Estate Market Report - April 2020
Posted by Charter One Realty on
Hilton Head Area Real Estate Market Report
Housing Supply Outlook - April 2020
In April, the stock market pared some of its March losses while overall economic activity nationally continued to slow. With more than 20 million initial unemployment claims filed nationwide in April on top of more than 10 million initial claims in the last two weeks of March, suddenly much of the country is out of work, at least temporarily. This dramatic economic slowdown is reflected in this month’s real estate activity, which is down significantly. For the 12-month period spanning May 2019 through April 2020, Pending Sales in the Hilton Head region were up 1.8 percent overall. The price range with the largest gain in sales was the $650,001 and Above range,…
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