Hilton Head Real Estate Market Reflection – May 2024

Greetings from the team of Herman & Davis Properties. We hope you are enjoying this amazing spring weather. May is one of the most beautiful months here and a great time for locals to enjoy the island, while we prepare for the tourism/guests that will be visiting starting Memorial Day weekend.

Although the market was off to a slow start at the beginning of the year, Herman & Davis Properties has been very busy in regards to new listings and sales. Our island is still very much in high demand. We’ve observed more buyers looking for a primary residence/second home over investors looking for income, which is a positive and typically leads to a more stable real estate environment.

It’s exciting that we’ve seen more new faces that have never been to our island before, in addition to buyers having vacationed here for over 20 years who are ready to have their own slice of Lowcountry paradise. Due to limited inventory in most neighborhoods in our area, it is still a great time to sell!

There are many factors that go into making the decision if it is the right time to sell;

  • Why do you want to sell and where are you moving to?
  • How important is the timing of your sale?
  • What are the tax and/or estate consequences of selling now?
  • What should be done to prepare your home for sale?
  • What expectations do you have of your Realtor?

For a complimentary consultation and Seller’s Book to help you make the right decision concerning your home’s value and market timing, call the dedicated team at Herman and Davis Properties of Charter One Realty. We can guide you and help you achieve your real estate goals.