Bluffton Real Estate Market Report - December 2017
Here is a look at the Bluffton Real Estate Market for December 2017. According to a report released by the Hilton Head Area Association of Realtors and the local MLS
A Look at the Housing Stats
The Bluffton housing market in December 2017 saw a total of 159 new listings, which was up 32.5 percent from December 2016. There was a total of 172 closed sales combined of condominiums, townhomes and single family homes, a small decrease of 1.1 percent from last December. The median price range of homes that sold in Bluffton during the month of December was $322,500. This amount shows an increase of 11.6% from last December’s median sales price of $288,900.
Year To Date Stats
The 2017 Bluffton housing market saw a total of 2,735 new real estate listings on the market, which shows a small decline of 1.8 percent of new listings in 2016 which was a total of 2,786.
Statistics show 2,111 total closed sales for the year of 2017 an increase of 5.9 percent from 1,994 closed sales for 2016. The Median sales price also increased by 6.5 percent from $270,000 in 2016 to $287,500 median sales price in 2017.
What Does this Data Mean?
At the end of December 2017 there were 1,157 homes listed on the market with no pending offers. Although that number may seem as if there are a large number of homes on the market today, there is less than a six month supply of inventory
What does this mean if you’re buying a house in Bluffton?
The number of people moving to Bluffton continues to rise, the need for housing surpass the inventory of homes for sale in the Bluffton Real Estate Market. May buyers have realized that because of the shortage of homes that it is best to not sit too long making a decision on a property that have caught their attention. In most situations there are other individuals who may have interest in the same house. When looking at homes be prepared to negotiate and have a real estate agent to work on your behalf during the process. Now is the perfect time to move forward with your plans to buy a home.
What does this mean if you’re selling a house in Bluffton?
Don’t allow the seasonal changes stall your determination when it comes to selling your home.
Currently there are more buyers in the market to buy a home in Bluffton than there are actual homes for sale on the market. Which means as a seller you are in an outstanding position to get top-dollar for your property. Its is imperative to set the asking price correctly and not overprice right from the start. To ensure that this happens, set up a meeting with your real estate agent and discuss strategy and come up with a list price that will catch the attention of buyers at first glance. There are still homes selling fast in the Bluffton Real Estate Market.
