Growth continues as the temps rise

Overall, we are up 7.1% in transactions ytd over the same period in 2015. And up 5.3% in median sales price to $237k.  That’s something to write home to mom about!  With that said,  there are a number of areas however that are down from 2015. It could have to do with the fact that 2015 was an incredible year and it’s hard to keep up with that pace.  A low inventory doesn’t help those areas either.   Very few areas are down in price.
James Island is a notable exception.  But also notice that James Island heads the list on the MOI chart.
We now have 19 MLS areas with less than 5 MOI.
Also, on the weekly number of contingents chart,  we have had 7 weeks with over 400 properties going contingent on the hot sheet.

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