Dear Clients, Friends and Fellow Associates~

 

We have been tracking the market for two years now by compiling a Monthly Market Trend Report.  This report is exactly what its name implies; it’s an “at a glance” report of current Home, Villa and lot trends for Hilton Head Island. 

 

This trend tells us where the most robust (busiest) price segments of the market are – i.e. it will tell us where the activity is and where it is not.  It will show us the active number of listings and the sales that occur each month in each pricing segment.  It will give us an actual listing to sale price, the days on the market and the number of months of inventory.

 

The most critical information that a Market Trend Report will convey is what we call the “Big Three”.  The Big Three are the 3 most vital statistics for any market place in any price range.  The big three statistics are as follows:

1.  Average number of listings taken vs. Average number of sales in a given period which will give us the number of months of inventory that we have. 

2.  Average Days on the Market for properties that do sell when they are correct in price. 

3.  Average List price to Average Sales Price which is an indication of negotiation and the firmness of the market. 

 

This information is a snapshot of how the market place has performed in the recent past, which is often a good predictor of future market performance. 

If you would like to receive a monthly report via email, plese email us today.  This is not only a good map of where we have been, it points to where we may be going.


All the best,

Robbie Bunting & Jane Hyers

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