HHI / Bluffton SC May 2020 Housing Outlook

Housing Supply Overview
A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS®
May 2020
Sellers are taking a more cautious approach to entering the housing market,
even as buyers are returning in force due to near-record low interest rates.
As the country continues to reopen, seller activity is likely to continue to
improve however, continued concerns around COVID-19 may keep some
reluctant sellers on the sidelines for now. For the 12-month period spanning
June 2019 through May 2020, Pending Sales in the Hilton Head region were
up 1.9 percent overall. The price range with the largest gain in sales was the
$650,001 and Above range, where they increased 24.6 percent.
The overall Median Sales Price was up 4.3 percent to $330,000. The property
type with the largest price gain was the Condos / Villas segment, where
prices increased 6.7 percent to $240,000. The price range that tended to sell
the quickest was the $100,001 to $225,000 range at 108 days; the price
range that tended to sell the slowest was the $650,001 and Above range at
191 days.
Market-wide, inventory levels were down 15.9 percent. The property type
that lost the least inventory was the Single Family segment, where it
decreased 15.0 percent. That amounts to 4.6 months supply for Single-
Family homes and 4.5 months supply for Condos.
Quick Facts
+ 24.6% + 15.3
Price Range With the
Strongest Sales:
$650,001 and Above 4 Bedrooms
Pending Sales
Bedroom Co
Strongest S
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 June 10, 2020 Data © 2020 MLS of Hilton Head. All Rights Reserved. Provided by the Hilton Head Area Association of REALTORS® and South Ca