Bright Spots Remain Despite More Signs of Slowing Market
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With the number of U.S. homes on the market swelling and sales falling, how could it be that median prices are increasing? “Deal sweeteners” offered by anxious home sellers and builders are the reason, according to an article published by the New York Times. To avoid cutting asking prices, homeowners and developers are throwing in perks for buyers — like new cars, and free upgrades on landscaping and kitchen countertops, the paper says. |
Vacation mecca Hilton Head has seen average sales prices for single-family home decrease 1.9% for the first seven months of this year from the same period last year, says an article published by The Island Packet. But while area housing is generally cooling, there are strong pockets in the local market, the article says. Sales are the swiftest for residences priced under $400,000 and for luxury houses at the high end of the spectrum, the paper says. Sales are especially strong in the town of Blufton, located on the mainland and just across the bridge from Hilton Head Island, the article says. On the island, buyers have plenty of homes to choose from, giving them “choices in any neighborhood,” The Island Packet says. Whether the market improves or continues to slow may depend on the upcoming hurricane season, with a “quiet” season helping local sellers, the paper says.
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