Are Realtors Leaving the Hilton Head Island Real Estate Market?
By James Wedgeworth on July 23rd, 2009I do not have an official count but I was recently told that there were about 300 Realtors who were active in 2008 who did not renew their license in 2009.
I was also told that there were 600 Realtors who did not make a sale in 2008.
Several Realtors have decided to continue selling real estate, but have gotten other full-time jobs to supplement their income. The slowdown in the market has had a detrimental effect on full-time Realtor’s salaries.
You have a lot of retirees who do this part time so they are not affected quite the same.
It has also had an effect on real estate companies; several have closed or merged.
The slow real estate market has also had an effect on other professionals; repairmen, home inspectors, appraisers and real estate closing attorneys have all seen a slow down in business.


