This Colleton River real estate market report shows how the Hilton Head Island-Bluffton real estate market is doing, compares home sales from previous months, discusses supply and demand and shows the status of the homes in Colleton River.
One home closed in the first two months 2017, compared to two last year. January and February’s dollar volume is $650,000 down compared to $1.375M in 2016. Supply and demand: there are currently 29 homes listed for sale with an average of .67 homes selling per month over the last six months. That translates into a 43.28-month supply, considered by industry experts to be a very strong buyer’s market. As of March 17, 2017, there were four homes pending/under contract. In the lot realm, four lots closed so far in 2017, versus five in the previous January and February of 2016. There are currently two lots pending/under contract.