GREAT NEWS for Beaufort County Real Estate
So, shall we Realtors(R) hold our tongues or say “We told you so!” According to The Island Packet’s story today, ”
For two consecutive months, home sales have risen dramatically in the Hilton Head Island Multiple Listing Service area.
Sales in the eight-county MLS region increased 103 percent in January compared to January 2009 and took a 64-percent jump in February from February 2009, according to areport Tuesday from the S.C. Realtors trade group.
The Beaufort MLS area has also experienced two months of increases, with a 4.9-percent increase in January and a 15.9-percent jump in February.
Those numbers point to a residential real estate market that slowly is recovering, a trend area Realtors and industry professionals say is because of low interest rates, federal tax credits for home buyers and low prices
Read more: http://www.islandpacket.com/2010/03/23/1182839/home-sales-soar-prices-fall-in.html#ixzz0j7YsSutL
Now, does this mean that our prices have stabilized and we’ve hit a ‘bottom’ – probably not, but you know that historically, it takes at least 6-9 months for the pundits to actually acknowledge that actuality. So, moral of the story is, if you’re a buyer, it remains a GREAT time to buy, if you’re a seller it’s a great time to sell your home and get in line for those move-up homes that were WAY out of your price range before.
Instead of looking at the foreclosures and short sales as the bane of our existence, it is so exciting to again have inventory to offer, CHOICES for folks, and the ability to feel that you’ve gotten a bargain!
It’s a NEW DAY in real estate – rejoice in it and CALL ME to find out how best to take advantage of this market!
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