Despite all of the negative real estate news nationally and locally, I'm seeing a bit of an uptick in the Hampton Hall Real Estate Statistics for November. There is a gradual strenghtening in home prices and less inventory on the market compared to this same time period last year.
For the month of Novmeber, there were 5 new listings that came on the market with an average list price of $697,400.
We saw 3 homes go pending that had an average listed price of $592,665.
One home closed with a average closed price of $530,000.
Total sales for the month was $530,000 with an average days on the market of 180 days.
Closed price to List Price ratio was 91.38%.
Keeping in mind that November was one of the worst months for the year so far, it is at least encouraging to see some pendings and a sold transaction.
Information is derived from the Hilton Head MLS, deemed to be correct but not warranted.
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