January 2025 Housing Supply Overview January 2025

+ 21.5 % + 11.0 % + 0.8 %

Housing Supply Overview

A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS ®

January 2025

U . S . new-home sales increased 3.6 % month-over-month and 6.7 % year-over-year to a seasonally adjusted annual rate of 698,000 units , according to the U . S . Census Bureau . The median sales price for new homes was up 2.1 % year-over-year to $ 427,000 . There were about 494,000 new homes available for sale heading into January , representing an 8.5-month supply at the current sales pace . For the 12-month period spanning February 2024 through January 2025 , Pending Sales in the Hilton Head Association of REALTORS ® region decreased 1.1 percent overall . The price range with the largest pending sales gain was the $ 1,000,001 and Above range , where sales improved 21.5 percent .
The overall Median Sales Price increased 3.0 percent to $ 540,700 . The property type with the largest gain was the Condos segment , where prices increased 3.5 percent to $ 445,000 . The price range that tended to sell the quickest was the $ 500,001 to $ 750,000 range at 44 days . The price range that tended to sell the slowest was the $ 150,000 and Below range at 84 days .

Quick Facts

+ 21.5 % + 11.0 % + 0.8 %
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
Pending Sales
2
Closed Sales
3
Days On Market Until Sale
4
Median Sales Price
5
Percent of List Price Received
6
Inventory of Homes for Sale
7
Months Supply of Inventory
8
Market-wide , inventory levels was up 25.2 percent . The property type with the largest gain was the Single-Family Homes segment , where the number of properties for sale increased 29.3 percent . That amounts to 3.8 months of inventory for Single-Family Homes and 4.3 months of inventory for Condos .
Current as of March 06 , 2025 . Data © 2025 REsides , INC . All Rights Reserved . | Sponsored by South Carolina REALTORS ®. | Report © 2025 ShowingTime Plus , LLC .