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As we enter this Christmas season, we want to take a moment to thank you all for your support and for making the Lowcountry such a special place to live. This community is constantly growing and changing but it’s the people that make it so unique. As we always say, not many people are forced to move here for a job. Most everyone chooses to be here, and they chose this beautiful part of the country for a reason. We are glad you are here!
Year to date in 2024, new listings of homes for sale in Bluffton were up 4.5 percent overall. Month-over-month, closed home sales in Bluffton were down 11.2 percent, and the median sales price increased by 1.9 percent. Cumulative Days on Market Until Sale increased 7.4 percent from 121 days on the market to 130 days on the market. Compared to last October, inventory of homes for sale rose +43.5 percent to 712 homes for sale in October 2024.
Mortgage rates look to be hovering in the mid to high 6% and forecasters are saying it may reach the low 6’s by late 2025. Not a whole lot of movement there, but still better than last year, and the future is looking promising.
Thank you again for your support of the Ussery Group, we look forward to helping you in 2025 with all your Real Estate needs.
My Thanks,
Jeff