Here is a brief recap of what happened in the Hilton Head Island real estate market during the month of June. 

We had 47 homes sell on Hilton Head during the month of June; compared to 124 home sales during the same time period in 2005 – which was the top of the market. 

We had 65 villa sales during the month of June on Hilton Head; compared to 204 villa sales during the same time period in 2005. 

We had 23 lot sales in Hilton Head and Bluffton in June compared to 102 sales in 2005.

I’ve been telling my clients, home sales are slow, villa sales are slower, and lot sales are slowest. 

I do feel good about the fact that we had more villas and lots sell during this time period than in 2009 during the month of June. 

Prices continue to drop – bad news for sellers and good news for buyers.