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August 2019

Found 1 blog entry for August 2019.

In July, the U.S. economic expansion that began in June 2009 became the longest in the nation's history, marking 121 straight months of gross domestic product growth and surpassing the 120-month expansion from 1991 to 2001. The average rate of growth during this expansion has been a milder 2.3 percent per year compared to 3.6 percent during the 1990s. Although the economy should continue to perform well for the rest of 2019, most economists see a mild recession on the horizon.

July 2019 Hilton Head Area Market Reports

New Listings were up 3.9 percent to 561. Pending Sales increased 8.3 percent to 536. Inventory grew 0.4 percent to 2,237 units.

Prices moved higher as Median Sales Price was up 11.9 percent to $330,000. Days on Market increased 16.3 percent to 143 days. Months Supply of

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