2022 Year-End Market Report - Hilton Head Island and Bluffton
Posted by Charter One Realty on
Coastal Lowcountry 2022 Year-End Real Estate Market Update
2022 began where 2021 left off:
Mortgage rates were near historic lows, buyer competition was fierce, and homes were selling at a breakneck pace, often with multiple bids and all-cash offers, due to pent-up demand and a shortage of housing supply, causing sales prices to soar to new heights. But all that changed a few months later as mortgage rates began to rise, adding hundreds of dollars to monthly mortgage payments and causing housing affordability to plummet to its lowest level in decades. As borrowing costs continued to increase, home sales and home prices began to slow, and after two years of record-breaking activity, the red-hot housing market was finally cooling.
Sales: Pending…
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BLUFFTON, SC, January 2023 – (CharterOneRealty.com) Charter One Realty, the Lowcountry's #1 Ranked Real Estate Brokerage, is proud to announce the addition of Sharon Jones to its team of talented and dedicated agents. Sharon will be assisting home buyers and sellers in Bluffton and surrounding areas with all their real estate needs. Sharon joins the company at their Berkeley Hall office and can be reached at 978-549-2717 or by email at SharonJones@CharterOneRealty.com.
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