The Beaufort real estate market enjoyed a strong first half of the year, as Beaufort's real estate market stats just released indicate sales and values are up, while inventory and days on the market (DOM) were down.
Through the first six months (June 30) of 2015, there were 790 closed sales, an increase of 9.9 percent from 719 over the same period in 2014, according to Beaufort County Multiple Listing Service (MLS) stats.
Beaufort County MLS indicated values were up 7.7 percent, from a median price of $182,000 in 2014 to $196,000 the same period in 2015.
Percentage of-sale-price-to-list-price were up as well, , with Beaufort County homes fetching 96.2 percent of the asking price versus 95.9 percent during the same period in 2014.
And while homes were fetching more, days on the market reduced from 181 day average in 2014, to 171 days in 2015, a decrease of 5.5 percent
Another strong indicator is months supply of inventory, down 9.7 percent, from 11.9 months in 2014 to 9.6 percent in 2015. This is the estimated amount of time it would take to sell every home currently on the market, based on existing sales rates.
In the days ahead, we will be analyzing sales and trends by area, to see where the market is going on a more local level.
In the meantime, if you have specific questions about stats in a neighborhood or area of Beaufort, feel free to email me at strawn.keith@gmail.com, or call me at 843.263.6886.
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