Jul
13

High-End Homes Continue Their Drag on Real Estate Market

By
– The Island Packet

Despite some signs of life in lower price ranges, high-priced homes are languishing on the market in Beaufort County and nationally.

Nationally, at the current sales pace, the supply of homes on the market for $750,000 or more could last 40 months, according to the National Association of Realtors. That’s more than double the stock in mid-2007 before the credit crunch.

By contrast, there is now less than a 10-month supply for all homes nationally.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.islandpacket.com/1482/story/903025.html
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    Categories : Hilton Head Island

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