2009 Lady's Island Market Statistics - Here We Go

For a short blog tonight, I thought I might keep everyone up to date on what has happened so far on the Lady's Island SC real estate scene in 2009.  When I put this chart together I was a little surprised at how few homes had actually sold so far this year.  Because closings take anywhere from 20-90 days, the low number are a direct reflection on how slow the end of 2008 was.  While the market is not booming, there is no doubt the amount of buyers looking to buy a home is picking up dramatically.  Most of my peers are busier and I personally have noticed a dramatic increase in website traffic.  Currently, there are 18 homes under contract and you can bet your bottom dollar that will double by March.  Low rates, homes prices SLOWLY coming down, and every year's best real estate months, (Spring/Early Summer) should push the under contact numbers way up. I need to run but let's hope for a great 2009.  As always, if you in the market, please use our no obilgation Beaufort MLS search.