September Real Estate Update for the Hilton Head Region
Posted by Charter One Realty on
Strong buyer activity has continued into the fall, which is normally the start of the seasonal slowing of the housing market. With stronger buyer activity in the market this year and the continued constrained supply of homes for sale, speedy sales and multiple offers are likely to remain a common occurrence and will keep the housing market hot even when the weather is cooling.
New Listings were up 40.5 percent to 669. Pending Sales increased 59.2 percent to 672. Inventory shrank 33.8 percent to 1,464 units.
Prices moved higher as Median Sales Price was up 19.6 percent to $388,675. Days on Market increased 7.0 percent to 152 days. Months Supply of Inventory was down 43.8 percent to 2.7 months, indicating that demand increased relative to supply.
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Tom Jackson’s love for the Lowcountry began in the early 1980’s when his parents retired to beautiful Hilton Head Island. In 1985, after many visits to the island, Tom was offered a real estate sales position with the Melrose Company during the initial development stages of the golf communities on exclusive Daufuskie Island. Tom and three other successful real estate professionals from Hilton Head foresaw the inevitable boom of the sleepy little town of Bluffton and started a general brokerage real estate firm in 2001. Tom is committed to excellence using his years of experience in the area real estate market and his understanding of people to match the right buyer to the right property. His clients, whether buyers or sellers, often become lasting friends…
Andy Twisdale's decades of experience and diverse background in the real estate business have firmly cemented his success in helping buyers, sellers, and investors excel in their property-related endeavors. His expertise and unparalleled market knowledge allow him to almost instantaneously envision and secure what someone wants in a home, just by listening to their needs.
