A Recap of the First Quarter Real Estate Market in the Lowcountry
Posted by The Cobb Group on
Millennials are entering the housing market at a record pace, fueling demand and driving sales prices higher amid an epic housing shortage. Currently, millennials represent 22% of the U.S. population but make up 43% of the current market share, according to a survey by the National Association of REALTORS®. With nearly a quarter of the population approaching their peak earning years over the next two decades, this new generation of homebuyers are expected to have a big impact on the economy—and on the housing market—in the years to come.
Q1 2022 Market Snapshot
Sales: In the first quarter of 2022, pending sales decreased -27.1 percent, rounding out the quarter with 1,688 pending sales. Closed sales were down -22.4 percent to end the quarter at…
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 This event may be a little bit of a drive but it looks like it will be worth it! A quick 45 min drive from Bluffton to Oatland Island and the adventure begins.
This event may be a little bit of a drive but it looks like it will be worth it! A quick 45 min drive from Bluffton to Oatland Island and the adventure begins. 
 Under Contract in Shell Hall! I'm so excited for our buyers. Shell Hall is a great community, and this home is perfect. The ceilings and flooring are just lovely. The kitchen island is so inviting. I think there will always be someone sitting at it.
Under Contract in Shell Hall! I'm so excited for our buyers. Shell Hall is a great community, and this home is perfect. The ceilings and flooring are just lovely. The kitchen island is so inviting. I think there will always be someone sitting at it. 
 This fantastic Cypress Ridge home is SOLD! One story living at its best. The new owners will be enjoying tons of upgrades, a fenced yard, lanai, and resort style amenities. This is a treasure find!
This fantastic Cypress Ridge home is SOLD! One story living at its best. The new owners will be enjoying tons of upgrades, a fenced yard, lanai, and resort style amenities. This is a treasure find! 
 
 How many of you are garage sale/yard sale junkies? They are hard to find around here so when they pop up, they have a lot of visitors.
How many of you are garage sale/yard sale junkies? They are hard to find around here so when they pop up, they have a lot of visitors.