Hilton Head Real Estate Market July 2017

The Hilton Head  real estate market  July 2017 continues to be a strong one.  Comparing June of 2016 to June of 2017, pending sales are up 22.8%.  Closed sales are up by 10.1%.  New listings are up by only .04% which means our inventory is declining.  In fact, the inventory of properties for sale is down by 9.7%.  Our current “months supply” is down from 7 months to 6 months.

According to the data for the Hilton Head real estate Days on the market is up by 11.9% but I think we’ll see that changing as our well priced properties are going under contract more quickly in the last month.  The % of list price received is up a bit to 96.2% .unnamed

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