January 2020 | Market Reports
January 2020 Market Report
The summary: The number of listings are up and they are not on the market for long!
Across the county, the number of listings increased! More listings hit the market in January 2020 compared to January 2019. Properties listed on the mainland increased by 41%. The beach properties saw an increase of 35% in January 2020 over January 2019.
The average number of days on market has decreased! This means that the available listings are being scooped up by buyers faster than last year. Properties on the island are selling on average 63 days faster than they were in 2019!
What does this mean for sellers? Now is the perfect time to sell your home! With less time on the market, you’re able to sell your home faster than you could in 2019.
What does this mean for buyers? If you love something – put in an offer now before someone beats you to it! Properties, especially on the beach, are not on the market for long.
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