Found 1 blog entry tagged as Beaufort Region.

Home Values on the Rise

As we enter the final months of 2020 and continue to work through the challenges this year has brought, some of us wonder what impact continued economic uncertainty could have on home prices. Looking at the big picture, the rules of supply and demand will give us the clearest idea of what is to come.

Due to the undersupply of homes on the market in the Hilton Head Region and the Beaufort Region, there’s upward pressure on prices. Consider simple economics: when there is a high demand for an item and a low supply of it, consumers are willing to pay more for that item. That’s what’s happening in today’s real estate market. The housing supply shortage is also resulting in steep competition, which will also drive price points higher in the home sale…

728 Views, 0 Comments