Housing Supply Overview
A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS ®
September 2020
Strong buyer activity has continued into the fall and the constrained supply of homes for sale , speedy sales , and multiple offers across many segments of the market will remain common so long as buyer demand remains at elevated levels . For the 12-month period spanning October 2019 through September 2020 , Pending Sales in the Hilton Head region were up 18.7 percent overall . The price range with the largest gain in sales was the $ 650,001 and Above range , where they increased 67.4 percent .
Quick Facts
+ 67.4 % + 35.4
Price Range With the Strongest Sales :
Bedroom Co Strongest S
$ 650,001 and Above 4 Bedrooms
The overall Median Sales Price was up 9.5 percent to $ 352,990 . The property type with the largest price gain was the Condos / Villas segment , where prices increased 9.3 percent to $ 255,000 . The price range that tended to sell the quickest was the $ 100,001 to $ 225,000 range at 109 days ; the price range that tended to sell the slowest was the $ 650,001 and Above range at 195 days .
Market-wide , inventory levels were down 33.8 percent . The property type that lost the least inventory was the Single Family segment , where it decreased 32.1 percent . That amounts to 2.8 months supply for Single- Family homes and 2.3 months supply for Condos .
Pending Sales Days on Market Until Sale Median Sales Price Percent of List Price Receiv Inventory of Homes for Sale Months Supply of Inventory
Current as of October 10 , 2020 Data © 2020 MLS of Hilton Head . All Rights Reserved . Provided by the Hilton Head Area Association of REALTORS ® and South Ca