According to the National Association of Realtors' (NAR) latest existing home sales report, 15,315 is the average number of homes that sell each day in the U.S. The NAR also reported that there is only 4.8 months inventory supply available for sale. Typically 6 months of inventory is considered "historically normal". This tells us that there are not enough homes available for sale to satisfy the buyers who are searching the market RIGHT NOW.
In the Hilton Head Island and Bluffton area, the months of supply for single-family homes dropped 22.2% and condos were down 32.7% when compared to July of last year. The supply of homes and condos in the Hilton Head and Bluffton area continues to gradually decline each month. This is great news for sellers!
The bottom line is that inventory is dwindling and if your house has been on the market for months and not getting offers, it may be time to reevaluate. We realize that you want to get fair market value for your home. However, if it hasn't sold in today's active Hilton Head real estate market, perhaps you should consider your asking price. Maybe your home is not priced properly.
If you're considering selling your home or villa on Hilton Head or in Bluffton, contact us today for a free home valuation. We would love to introduce you to our real estate marketing plan that gets your home sold. Call 843.686.4002 or email is at Support@FoundationRealtyTeam.com.