Following is a chart that shows 10-year averages for the number of Hilton Head Island Real Estate sales from January through October 31st.  In homes, we have a 10-year average of 847 sales and so far this year we have sold 472 homes.  This represents a 44% drop. 

What does this mean?  If you are considering buying property on HIlton Head, this is good news.  This means that in a soft market you can get a much better buy.  It also means that there is a lot more inventory which means you have a better selection. 

It is kind of like walking into a department store and telling them what you are looking for and they tell you that you have four to choose from and they are 20% off.  This is a win-win for anyone looking to buy in today’s market.