July 2010 What to Watch For July brought a mixed bag of activity to the Hilton Head housing market. Pending sales were up a significant 33.7 percent across the board. The largest increase in sales occurred in the 2 bedroom and smaller condo segment where they jumped 66.0 percent. Inventory was down across the board, but fell the most in the 4 bedroom and larger condo segment which posted a 47.1 percent decrease. This caused Months Supply of Inventory to shrink 57.6 percent to 12.0 months. Inventory shrunk the least in the 3 bedroom condo segment where it decreased by 3.0 percent. Prices were down 9.1 percent for the entire market but condo prices declined 25.0 percent while single-family homes only declined 9.1 percent. Smaller condos faced the largest price drop of 32.9 percent, while 4 bedroom and larger single-family units enjoyed the greatest price gain of 2.9 percent. The price tier for condos with the greatest sales increases is the $100,000 and under range, where Pending Sales increased an astounding 288.3 percent from 173 additional sales. Inventory in that bracket shrunk by 9.4 percent.
Contents Number of Bedrooms Analysis Inventory Months Supply Home Sales Percent of List Price Received Median Sales Price Days on Market Until Sale
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Price Range Analysis Inventory Months Supply Home Sales Percent of List Price Received Days on Market Until Sale
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All data provided by Multiple Listing Service of Hilton Head Island Š2010 HHIMLS - powered by 10K Research and Marketing and sponsored by the South Carolina Association of REALTORSŽ
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