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The Glynn County housing market includes Brunswick, Jekyll Island, Sea Island, and St Simons Island. The housing market locally and nationwide is experiencing some bumps, and it’s interesting to see how the data is trending here locally. The Georgia Association of REALTORS® publishes a monthly housing trend report that shows our local market is experiencing a bit of a slowdown.
New listings for single-family homes in Glynn County for February were down 18% compared to same month in 2022, and pending sales were down 25%. Days on market has increased by 43% for the month, and 50% year-to-date. The median and average sales price are both generally flat with a small up-tick in the average price. Condo and townhome listings are down 33.3% year-over-year, and the days on market has increased exponentially.
It’s important to keep an eye on the market trends whether you’re buying or selling real estate in Glynn County. Properties are sitting on the market longer, and buyers have more room to negotiate than what they had in the last couple of years. Setting your expectations when listing and buying can help you create a better strategy for your real estate plans when you know how the market is functioning.
If you are interested in purchasing a new home in Brunswick, Saint Simons, Jekyll, or Sea Island, it’s important to work with a knowledgeable local REALTOR® who can help you navigate the Glynn County Housing Market. Contact me today to talk about your mortgage application, and I can help you partner with the best REALTORs in Glynn County.[embeddoc url=”https://www.saintsimonsmortgage.com/wp-content/uploads/2023/03/GlynnCounty-1.pdf”]