Sit down with Real Estate specialist, Chip Wedgeworth, as he details how Real Estate inventory affects pricing. Any commodity, whether it’s corn, soy beans, real estate or oil, is a function of supply and demand. Lack of supply causes prices to rise which is exactly what we’ve been seeing and continue to see within the Real Estate market today.

We are experiencing extremely low inventory throughout Hilton Head and Bluffton. Currently on Hilton Head there are 107 homes listed for sale. Within the last 30 days there have been 125 homes sell on the island, which means we’re looking at less than a one month supply of homes on Hilton Head. In Bluffton, there are currently 117 homes for sale. Withing the last 30 days there have been over 250 homes sell in Bluffton, meaning we only have about 2 weeks worth of inventory.

In Real Estate we have what we call “The Six Month Line,” a steady state of inventory where prices don’t go up and they don’t go down. Prices will continue to rise until we reach that Six Month Line (until inventory levels come up).

Watch the video to learn more.