Fall has finally arrived in the Low Country. As we settle into cooler weather, oyster roasts, and football, the real estate market in Hilton Head and Bluffton continues to see a mixture of demand, selective buyers, and opportunities for both sellers and buyers.
While the market has cooled slightly from last year’s high pace, demand remains strong, with well-priced homes often moving quickly. This year, the Herman & Davis Team has seen even greater activity than last year, with more listing appointments and a noticeable increase in both inventory and new listings. Now that the election is behind us, we hope buyers and sellers will feel more confident in moving forward with plans and decisions for their housing futures.
How’s the market? Inventory has risen significantly, with a 16% increase in Hilton Head and a 33% increase in Bluffton. Days on market have extended by over 20%, while Hilton Head’s median price stands at $1,080,000—up 5.4% from last year. In Bluffton, the median price has reached $555,000, marking a more modest 2.35% increase. Interestingly, over 15% of listed properties have been expired or withdrawn, indicating that many sellers are not meeting their asking prices. Altogether, these trends suggest a shift toward a more buyer-friendly market.
The team at Herman and Davis gives personal attention and 5-star service to each and every client, along with a strategic and customized marketing plan for their property. Regardless of price, every client enjoys widely recognized top-quality marketing that excites buyers and generates interest in their home. If you are thinking of selling, give us a call. Our results speak for themselves!
