Hilton Head Market Trend Report

This report is a monthly snapshot and shows recent activity for homes, villas and home sites.  The report is broken down into specific price segments as some areas of the market move, while others may not.  Some of the key points to note:

• Actives ~ This is the total inventory available in the price range.  We believe this number will stay steady in the months as the economy improves. 
• Pendings ~ This is the actual number of properties we sold in the month. (If you  are a buyer the lower the better, if you are a seller the higher the better)
• Selling % ~ Pay attention to this number in the months ahead as we believe the market will firm up and we will see less negotiation ahead.
• DOM ~ The days on the market has been dropping as we experience more activity.  Although we are seasonal, this number should drop further in the months ahead.
• Remaining Months of Inventory ~ This is a very important number to follow.  It is based on pendings and active listings.  If we see our inventories drop(active), this number should fall(as long as sales stay steady).  If we see sales increase, this number should also fall.  It moves up when the opposite scenarios occurs.  Bottom line, if the selling % is high, the dom and remaining months of inventory are low, all this is good if you are a seller and the reverse is true if you are a buyer. 

We prepare these easy to read monthly reports to help us understand the market.  They are necessary if you are a buyer or seller today.  E-mail us and we will send you these monthly reports free.