Starting in 2008 until just a few months ago, the Hilton Head Island and Bluffton rental market was flush with properties from condos to homes. Since the end of last year, the dynamic has changed. Many of the unintentional landlords from 2008 - 2014, can finally sell their properties without taking a loss. Homes are selling but many of these properties are being purchased by primary home owners. This is significant because an already tight rental marketplace will continue to get tighter as these homes are taken out of the available inventory.
When schools let out this summer, people had better be prepared. As inventory shrinks, prices will definitely see a spike around the LowCountry.