Who do you believe?
By James Wedgeworth on June 30th, 2010There was an article in the local Island Packet today that discussed home prices rising over the last several months (based on a survey of 20 cities).
I was talking to a client of mine and they said they did not know who to believe; one day the newspaper says that things are getting better and the next day the same paper says that things are getting worse.
I think it is important to remember that all real estate is local and you should not look at national studies to determine where your local market is.
I can pretty much guarantee that Hilton Head Island was not included in this 20 city report.
The real estate market on Hilton Head Island, as in most resort areas, has been slow as inventory increases and sales decrease causing a lowering of prices.
Just remember, do not look at the national trend – look at the local trend.


