A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS ®

Nationally , sales of new single-family homes fell 2.5 % month-overmonth as of last measure , marking the first monthly decline since February , according to the U . S . Census Bureau . Despite the decrease , new-home sales are up 23.8 % year-over-year , as a lack of existinghome inventory has boosted demand for the new-home market in recent months . As a result , builder confidence has continued to improve , reaching a 13-month high in July , according to the latest NAHB / Wells Fargo Housing Market Index ( HMI ). For the 12-month period spanning August 2022 through July 2023 , Pending Sales in the Hilton Head Association of REALTORS ® region decreased 16.5 percent overall . The price range with the largest pending sales gain was the $ 750,001 to $ 1,000,000 range , where sales increased 3.6 percent .

The overall Median Sales Price improved 9.0 percent to $ 495,000 . The property type with the largest gain was the Condos segment , where prices increased 10.7 percent to $ 409,500 . The price range that tended to sell the quickest was the $ 150,001 to $ 250,000 range at 87 days . The price range that tended to sell the slowest was the $ 250,001 to $ 350,000 range at 203 days .

Price Range with Strongest Sales : $ 750,001 to $ 1,000,000

Bedroom Count with Strongest Sales : 3 Bedrooms

Property Type With Strongest Sales : Single-Family Homes

Market-wide , inventory levels increased 0.7 percent . The property type with the largest gain was the Condos segment , where the number of properties for sale rose 2.3 percent . That amounts to 2.1 months of inventory for Single-Family Homes and 2.8 months of inventory for Condos .

Current as of August 10 , 2023 . Data © 2023 REsides , INC . All Rights Reserved . | Sponsored by South Carolina REALTORS ®. | Report © 2023 ShowingTime .