Hilton Head Island & Bluffton February and YTD Market Indicators

Below are three charts. The first is for Hilton Head Island detached Homes. The second is for Hilton Head Island Condos/Villas, and the third is for all Bluffton properties.

Hilton Head Homes are showing positive market indicators. Year To Date (YTD) Hilton Head homes are showing a much needed increase in inventory, a 24% increase in sales, a 21% increase in median sales price, a slight increase in % of list price received, and a 9.5% reduction in Days on Market. All of these are positive indications of an improving market.

As is often the case with Hilton Head villas, they tend to move a step behind home sales. New listings are up, however closed sales are down. That said, median sales prices are up 10%. Days on the market are also up, which indicates that it's taking a little longer to sell condos/villas.

Bluffton's Year to Date statistics are also showing an improving market. Inventory is up 16%, closed sales are up 9.5%, and median sales prices are up a slight 1%.

In conclusion, overall things are showing a positive upturn after two sluggish years. Should mortgage interest rates continue to go down, or even hold steady, we can expect continued improvements to the low-country market.

If you would like to know how the market conditions in your specific area or neighborhood are don't hesitate to reach out to me for a complete analysis of your area as well as your property.