Jun
20

Hilton Head Real Estate Market Rebounding

By

May was another solid month for the real estate market on Hilton Head Island and surrounding areas.

Total sales for the month were up 6 percent compared to May 2012, and median sale prices rose 18 percent over the same period to $275,000, according to data from S.C. Realtors.

During the first six months of the year, median prices were up 11.1 percent for the region that includes Hilton Head and greater Bluffton, and total sales were up 9.3 percent, the S.C. Realtors data show.

James Wedgeworth, of James Wedgeworth and Associates realty firm, says the market has already hit bottom and the recovery has taken hold. The biggest surge has been in the lower end of the market, he said, while interest in resort-style properties selling for $1 million and up is still sluggish.

READ MORE HERE

Be Sociable, Share!
    Categories : Hilton Head Island

    Comments are closed.