First quarter home sales on Hilton Head Island were at their lowest point in 2009 with 107 sales compared to 162 sales for the first quarter of 2008 which had been our previous lowest point.  The high was 410 sales during the first quarter of 2005. 

What does this mean?  If you are a buyer there are some great opportunities out there because when sales are slow, inventories are high and prices are reduced. 

Most people wait until it is too late to buy and wait until prices start increasing.  I tell my buyers to buy while prices are low and inventories are high.  It seems like we always buy stocks and real estate at the wrong time.