Beaufort SC Residential Sold Sales: January & Febuary 2009 vs. 2008
Posted by Todd Covington on Wednesday, March 4th, 2009 at 11:08pm.This week, I took at a look at the first 2 months of residential sales in 2009 verses the first two months of 2008. There is no sense is trying to spin everything in a
positive way as everyone knows that the economy is hurting, and that
certainly includes home sales. While 2009 home sales are down from
2005-2007 sales, the first two months of 
2009
certainly compare similarly to 2008. The greatest annual difference is that
100 homes sold in the first 2 months of last year to 82 this Jan &
Feb.. Although an 18% drop is never good, the drop from Jan/Feb 2007
to 2008 was a horrid 46%. What that says it that the market has
finally stopped the freefall and is more flat than anything else. I
consider that good news as we are now in a waiting game to see when the
market will make the turn upward
Another good sign is the DOM or days on the market. The average DOM has dropped from last year's 217 to 200 days on the market so far this year. That's some nice slow but sure improvement.
Many of these numbers are similar which means the market is finally flattening out. As I have mentioned in precious blogs, we have seen a dramatic increase in active buyers. Let's hope that's a sigh that things will pick up very soon.
January and Febuary 2009 Residential Sales
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January and Febuary 2008 Residential Sales
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206 Carteret Street
Cell 843-441-9222
Making the Lowcountry of South Carolina home for the past 20 years, Todd Covington specializes in the Beaufort SC real estate market. Providing unsurpassed service and attention to detail, Todd is owner of www.LowcountryProperties.com which represents the finest homes in the area.
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Hey Todd, Great information that I think anyone buying in Beaufort will find invaluable :) nashville, TN has been going through some changes in terms of real estate sales and the last few weeks have seen a rapid rise in the number of showings which will ultimately leads to more sales. We have already seen a couple of deals get into multiple offer situations :) TTYS Gary :)
Posted on Thursday, March 19th, 2009 at 12:43 PM.