Below is the market trend report for April(just click on the table for a full page printable version). There is some great news in this report that we would love to share with you. We see some market improvements and new sales taking place in all the categories which means the market is up and running. The most critical information that our Hilton Head Monthly Market Trend Report conveys is what I call the “Big Three”.
The top 3 key statistics for determining negotiation or pricing include:
- Average List price to Average Sales Price ~ This is a direct indicator of negotiation opportunity and the firmness of the market. Buyers and sellers can benefit by understanding this number
- Average Days on the Market ~ This time frame applies to properties that are priced correctly for their condition and location.
- 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 available for sale. This can help buyers and sellers determine strategy.
This report is a snapshot of how the market place has performed in the recent past, which is often a good predictor of future market performance for sellers and buyers. If you would like to receive a monthly report by mail or e-mail, please email us at email@example.com or call Jane Hyers to set up a phone appointment at (843)785-7111. This is not only a good map of where we have been, it points to where we may be going. Happy Hilton Head! Robbie Bunting