A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS ®

U . S . new home sales rose to the highest level since May 2023 , following three consecutive monthly declines . Sales of new single-family homes increased 10.6 % month-over-month to a seasonally adjusted annual rate of 739,000 units , according to the U . S . Census Bureau , with sales up in all four regions . Nationally , the median new-home sales price grew 3.1 % from the previous month to $ 429,800 , with a 7.5-month supply at the current sales pace . For the 12-month period spanning September 2023 through August 2024 , Pending Sales in the Hilton Head Association of REALTORS ® region dropped 3.5 percent overall . The price range with the largest pending sales gain was the $ 1,000,001 and Above range , where sales improved 17.6 percent .

The overall Median Sales Price were up 8.0 percent to $ 540,000 . The property type with the largest gain was the Single-Family Homes segment , where prices increased 9.5 percent to $ 575,000 . The price range that tended to sell the quickest was the $ 150,001 to $ 250,000 range at 103 days . The price range that tended to sell the slowest was the $ 500,001 to $ 750,000 range at 174 days .

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

Bedroom Count with Strongest Sales : 4 Bedrooms or More

Property Type With Strongest Sales : Condos

Market-wide , inventory levels were up 34.6 percent . The property type with the largest gain was the Single-Family Homes segment , where the number of properties for sale increased 40.0 percent . That amounts to 3.6 months of inventory for Single-Family Homes and 4.3 months of inventory for Condos .

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