Hank Wolff Presents August 2024 Hutchinson Island Market Report

This is the newest market report for Hutchinson Island in the 34949 zip code. This data compares August of this year to August of last year. The median sale price is $490,000, which is up 13% from last year. Closing activity was quiet, even for this time of year. Last year there were 42 closings in August, this year only 22.

To begin September, Hutchinson Island has a 1-year inventory of listings available. This very much leans in favor of the buyer, giving plenty of options to choose from.

A data point often overlooked is homes that could not sell and instead of closing end up as canceled, withdrawn, and expired. Our market is showing an equal number of closings to listings that could not sell. This gives owners a 50/50 chance of a successful closing.

In these market conditions now more than ever, it is critical to deliver above-average value and have a top-tier marketing plan.

Thank you for watching this report, I will keep watching the market.

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