As 2013 closes, Hodnett Cooper Real Estate compares key data points to assess the overall health of the real estate market compared to the prior year. In all market segments, we see that single family homes and condominiums spent fewer days on the market than in 2012.
Days on Market for sold properties is defined as the number of days from the time the home is first listed until the time when a valid contract has been signed by both buyer and seller.
The decrease is days on the market is certainly a sign of market improvement in St. Simons Island and Brunswick and great news for sellers.
|MARKET SEGMENT||Average Days on Market
|Average Days on Market
|Glynn County Single Family||218||200||-8.3%|
|Glynn County Condominium||341||281||-17.6%|
|Glynn County Single Family + Condominium||241||213||-11.6%|
|St. Simons Island only (S1, S2, S3, S4) – Single Family||249||215||-13.7%|
|St. Simons Island only (S1, S2, S3, S4) – Condominium||315||239||-24.1%|
|Brunswick (B1) – Single Family||261||186||-28.7%|
*Data from the Golden Isles Multiple Listing Service