"For the fourth consecutive month in a row the
pending real estate sales on Hilton Head continues to show strength", says Matt Houle agent/owner of Exit Realty of Hilton Head. He continues, "from March 2009
through the end of June pending sales showed a strong increase and maintained
that level of activity to date. We are just half way through July and
statistics report by the local multiple listing service confirm that July will
also be a strong month, perhaps the strongest of the year so far". According to
a recent article published in RISMedia, "The Pending Home Sales Index, a
forward-looking indicator based on contracts signed in May, increased 0.1
percent to 90.7 from an upwardly revised reading of 90.6 in April, and is 6.7
percent higher than May 2008 when it was 85.0. The last time there were four
consecutive monthly gains was in October 2004".
"This trend is very encouraging to the overall market and it supplies
a basis of confidence for buyers and sellers. We are looking forward to the
ongoing strengthening of the Hilton Head market and the national market", says Houle.
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Hilton Head Island, SC Real Estate, Exit Realty
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