Monthly Report from the Hilton Head Island Area Market
Thought some of you, like me, might like the real report on the area market, in that link above. So many times when you ask an agent, “how is the market doing?” They simply respond, “Great!” Well, it actually is going pretty well but it’s a bit more complicated than that.
Prices are up a median of 5.4%. That’s good news. Pending sales are up 4%. Also good news. BUT… (there’s always a but, isn’t there?)…. New listings are down 10.1% and overall inventory is down 7.2%.
However a lot of that inventory is out of the price point that buyers are looking in (under $300K). We still have plenty of options at over $500K that are still drastically reduced from pre-recession days. There are still GREAT deals.
But we are facing an affordable housing shortage for relocating hospitality workers, school teachers, healthcare providers, fire and police officers, and more that will keep our community vibrant and functioning.
If you have a home in good condition available in the under $300,000 price range, I’d love to assist you in that sale today. I pride myself in my marketing and negotiation skills and would appreciate the opportunity to put my 17 years of experience to work for you. Give me a call at 843-505-3132 for your professional consultation.