The first half of real estate sales in the Hilton Head Area is over and the results are in.  The Hilton Head Area includes Bluffton, Daufuskie and Hilton Head Island and all types of property.  Below is the executive summary from our HHIMLS June 2015:

First Half Sales Summary for the Hilton Head Area

• Pending Sales increased 46%
• Inventory dropped 12.4%
• New Listings were up 3.3%
• Prices moved higher to $289,950(median)
• Days on market increased 1.9% to 109 days
• Months of supply was down to 7.1 months or 17.4%

All Hilton Head Market Segments are not Equal

Keep in mind the above stats were for all properties in the area.  Just like any market there are stronger and weaker areas based on price and type of property.  Our Hilton Head Market Trends June 2015, breaks down these market segments for you to understand what has happened last month on Hilton Head Island(this does not include Bluffton or Daufuskie).

Second Half Real Estate Sales on Hilton Head

No one has a crystal ball for the Hilton Head Area Real Estate Market, but if interest rates remain low, the market pace should continue through the second half.  If you would like to get the scoop on your specific property in the Hilton Head Area or you are considering buying, give me a call or shoot us an email.  This report can help both a buyer, seller or owner determine factors including timing, negotiation and expectation.