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% .