Tagged : Beaufort SC market statistics

This week, I took at a look at the first 2 months of residential sales in 2009 verses the first two months of 2008.  There is no sense is trying to spin everything in a positive way as everyone knows that the economy is hurting, and that certainly includes home sales.  While 2009 home sales are down from 2005-2007 sales, the first two months of 2009 certainly compare similarly to 2008.  The greatest annual difference is that 100 homes sold in the first 2 months of last year to 82 this Jan & Feb..  Although an 18% drop is never good, the drop from Jan/Feb 2007 to 2008 was a horrid 46%.  What that says it that the market has finally stopped the freefall and is more flat than anything else.  I consider that good news as we are now in a waiting game to see

Like always, keeping a blog stuffed with interesting things is a challenge.  Today I was looking through some of the Beaufort Market statistics and was shocked to see 50 houses were listed in the Beaufort MLS this week.  A rise in active listings is expected this time of the year.  February is a great time to put your house for sale because the hot real estate season is fast approaching.  Even so, there were only 1580 active listings last week.  If you average that out, 1580 divided by 52 weeks means we should average around 30 listings a week.  Fifty this week comes to a 66% increase.  Pretty impressive, but will buyers bite?

Great question, and I wish I had the answer.  No doubt there are more buyers actively looking for homes.  I've seen a huge