Pawleys Island 2011 Real Estate Statistics Comparison and What to expect for the rest of the year
For the current year, the real estate market seems to be slowly steadying out. The amount of time on the market has slowly decreased, whereas the prices have come down signifigantly, producing a smaller percentage in price drops and less time on the market.
Compare the two first quarters of 2011, and the overall results may or may not shock you. From this comparison, I believe the "bottom" has hit, and now ready for increase in sales!
The inventory has increased by a mere 2.2%, which means supply is still oversaturated compared to the number of solds currently. In this increase in supply, the average asking price also increased by 4%, which has led to more time on the market, an increase of 5%. If broken down by number of bedrooms, the