Ok, second time for this posting... grrr- what good is autosave if you can't get to it???
Anyway, let me get a smile back on my face... it was a great weekend... sold hotdoggies out at the Burton Wells concession stands while my son and daughter did baseball and soccer. What a gorgeous weekend!
Here are the stats for the Beaufort residential market for the week ending Monday April 20th 2009-
As you can see, the inventory is still climbing, and climbing faster than our under contract numbers.
Just in case you can't read the numbers- we have 949 residetial units for sale in the Beaufort, Mossy Oaks, Port Royal, Burton, and Lady's Island areas. There is an increase of 5 units for Under Contract for a total of 67 and there have been 106 sales for the year.
Look at the next two charts, because they are linked:
The one thing I noticed in this weeks numbers was that you had a fairly significant discount in the Sales to List Price Ratio while having a fairly short DOM. These have usually not been linked... when there was a short DOM it was because most of the houses that sold were priced AT the market, not above the market, and that they sold in short order at 95% of list price. I think this is the first time that there has been both a 20% discount and a short DOM. This does not bode well for sellers if this continues...
We'll keep an eye on what's going on... that's our job! If you have any questions or concerns on how these trends apply to you and your property, please don't hesitate to drop me a line.
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