Good Morning!

Here's hoping you had a great weekend!

Below you'll find the market pulse reflecting last week's activity. With the school year winding down and the summer vacation season underway, we saw a huge increase in pending properties last week! The 61% increase reflects 47 homes going under contract, the total number of ALL properties sold the week prior! This is fantastic news and a trend that we expect to continue throughout the summer months!

Enjoy these latest numbers and have a great week!

Below is the MLS report for all listings on Hilton Head Island and Bluffton for the week of June 7, 2008.

Please review the following and let us know if you have any questions on the statistics.

Active (New listings): 153 (Up 4% change from last week)
Homes: 71
Villa: 40
Lots: 42

Pending (Accepted contracts, but not yet closed): 76 (Up 61% from last week)
Homes: 47
Villa: 22
Lots: 7

Sold (Closed contracts):72 (Up 30% from last week)
Homes: 48
Villa: 21
Lots: 3

Price Reductions: 223 (Down 5% from last week)
Homes: 129
Villa: 53
Lots: 41