The 2022 real estate market begins where 2021 left off, in which existing home sales reached their highest level since 2006, with the National Association of REALTORS® reporting sales were up 8.5% compared to the previous year as homebuyers rushed to take advantage of historically low mortgage rates. Home sales would’ve been even greater were it not for soaring sales prices and a shortage of homes for sale in many markets, forcing a multitude of buyers to temporarily put their home purchase plans on hold.
Hilton Head & Mainland Real Estate Market Update - January 2022
For the 12- month period spanning February 2021 through January 2022, pending sales in the Hilton Head region were down -3.9 percent overall. Market-wide, inventory levels were down…
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