2021 Real Estate Market Analysis January 2021 | Page 7

historical comparisons pending sales

Compressed to a great extent into the May-December portion of the year , over 7,300 properties went under contract in 2020 , putting a huge demand on agents , lenders , inspectors , attorneys , and other related services . It was a BUSY YEAR !!
The nice 5.5 % jump in new listings to hit the market helped feed the unprecedented demand among a growing audience of buyers … but it still wasn ’ t enough to balance out the year , leaving the market with a deficit of available inventory by year ’ s end . new listings
percent of list price received
Many properties fetched full-price ( or better ) contracts due to multiple-offer-scenarios , pressing the average sales price to list price ratio up to an impressive 97.4 % for the year overall .

closed sales by price point

Market Analysis | 7 Current as of January 10 , 2021 . Data Provided by the Hilton Head Area Association of REALTORS ®.