A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS ®

U . S . sales of new residential homes are on the rise again , following a dip in activity the previous month . According to the Census Bureau , newhome sales climbed 8.8 % month-over-month to a seasonally adjusted annual rate of 693,000 units , the highest level since last September . New-home sales were up in all four regions , but were highest in the Northeast , where sales jumped 27.8 % from the previous month . For the 12-month period spanning May 2023 through April 2024 , Pending Sales in the Hilton Head Association of REALTORS ® region fell 2.4 percent overall . The price range with the largest pending sales gain was the $ 1,000,001 and Above range , where sales went up 21.0 percent .

The overall Median Sales Price were up 7.3 percent to $ 525,000 . The property type with the largest gain was the Condos segment , where prices were up 14.8 percent to $ 442,000 . The price range that tended to sell the quickest was the $ 150,000 and Below range at 109 days . The price range that tended to sell the slowest was the $ 350,001 to $ 500,000 range at 174 days .

Price Range with Strongest Sales : $ 1,000,001 and Above

Bedroom Count with Strongest Sales : 3 Bedrooms

Property Type With Strongest Sales : Single-Family Homes

Market-wide , inventory levels rose 62.2 percent . The property type with the largest gain was the Condos segment , where the number of properties for sale increased 101.7 percent . That amounts to 3.3 months of inventory for Single-Family Homes and 4.3 months of inventory for Condos .

Current as of May 10 , 2024 . Data © 2024 REsides , INC . All Rights Reserved . | Sponsored by South Carolina REALTORS ®. | Report © 2024 ShowingTime Plus , LLC .