Ocean Breeze & Treetops Real Estate Market Report May 2018

Summer is here, the weather is warm, the turtles are making their nests, the bikers have overtaken the trails and Hilton Head Island Real Estate is Hot!

 

Hilton Head Area real estate activity has continued its upward trend in number of sales and median sales price. Although housing supply is low, there are signs of improvement for new listings. Sellers are beginning to come out of hibernation while new build projects are taking shape with more regularity. Many sellers and builders are in a good position for financial gains, as the economy continues to improve. Low inventory should continue to create a competitive situation for buyers, causing price increases over the next several months. In addition; buyers are encouraged to act now as they become more aware of increasing mortgage rates.

 

Tierra Schaffer is your neighborhood agent!

Call Tierra at 843.422.3610 to find your dream home on Hilton Head Island today!