I have been following the sales from ebay and trucktrader for the last few months, and just bought my first H2 about a month ago. I bought my fully loaded 2003 White H2 for 34.5k$. It was the Lux + Adv series with air ride, sunroof, leather, heated heats, 3rd row seat, added chrome accessories, brush bar, spare tire carrier, high perf exhaust, ram air and ONLY 17K miles.
Since I bought it one month ago, I already have noticed the prices have dropped. Perhaps due to high gas prices catching up with market prices or ?.
Though I can tell you that many, many H2 have sold for under 30k$ in the last month. Many of these <30k$ H2 had air ride, lux model, leather, heated seats, etc, though high miles. See below for a few examples
one example
second example
third example
fourth example
last example
The one you listed with cloth, no heated seated, no brush bar, no chrome, high miles, and no air ride would be lucky to get 27.5k$ based on the above examples - btw what type of Hummer was made with cloth (that should have been illegal for GM to manufacture) - why didn't they also make one with roll up windows for that matter.
In the price range of 30-33, I have seen may similar ones as above sell with added accessories such as dvd, xm radio, navigator, gobi racks, high end stereo equipment and/or chrome wheels (though again with higher miles with 50k+ miles). From what I've seen lately, only a few 2003 fetch over 34k$ which are either the extreme low miles (25K or less) or higher mile ones with excessive amounts of $$$$$ aftermarket accessories.
Am I wrong? Just my observation, which I verify daily from ebay and trader.com