News briefs for October 25th

2 mins read

Dispose of prescription drugs at county event

The Beaufort County Alcohol and Drug Abuse Department, in partnership with the Beaufort County Sheriff’s Office and the Lowcountry Alliance for Healthy Youth, is participating in the DEA National Rx Take Back program that allows people to properly dispose of unused prescription drugs.

The event will be held Saturday, Oct. 27, from 9 a.m. to noon at the Bluffton Convenience Center at 104 Simmonsville Road in Bluffton and Shanklin Convenience Center at 80 Shanklin Road in Beaufort.

The following items will not be accepted: inventory from medical practices, liquid medicines, syringes or needles or medical waste. For more information call the Beaufort County Alcohol and Drug Abuse Department at 843-255-6013.

Association of Realtors releases September report

Some economic observers are pointing to 2018 as the final period in a long string of sentences touting several happy years of buyer demand and sales excitement for the housing industry. 

Although residential real estate should continue along a mostly positive line for the rest of the year, rising prices and interest rates coupled with salary stagnation and a generational trend toward home purchase delay or even disinterest could create an environment of declining sales.

New Listings were up 69.4 percent to 227. Pending Sales increased 30.6 percent to 141. Inventory grew 27.6 percent to 1,142 units. Prices moved higher, as Median Sales Price was up 11.9 percent to $240,000. Days on Market decreased 12.2 percent to 79 days. Months Supply of Inventory was up 15.4 percent to 6.0 months, indicating that supply increased relative to demand.

Tracking reputable news sources for housing market predictions makes good sense, as does observing trends based on meaningful statistics. The numbers continue to show pockets of unprecedented price heights combined with low days on market and an economic backdrop conducive to consistent demand. 

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