A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS ®

U . S . sales of new residential homes unexpectedly declined , falling 11.3 % from the previous month to a seasonally adjusted annual rate of 619,000 units , the lowest level since November , according to the U . S . Census Bureau . Economists polled by Reuters had forecast new-home sales to come in at a rate of 640,000 units for the month , with elevated mortgage rates blamed for the recent drop in sales activity . For the 12- month period spanning July 2023 through June 2024 , Pending Sales in the Hilton Head Association of REALTORS ® region softened 1.0 percent overall . The price range with the largest pending sales gain was the $ 1,000,001 and Above range , where sales were up 19.8 percent .

The overall Median Sales Price improved 8.4 percent to $ 530,989 . The property type with the largest gain was the Condos segment , where prices were up 11.8 percent to $ 446,250 . 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 170 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 improved 41.4 percent . The property type with the largest gain was the Condos segment , where the number of properties for sale improved 50.5 percent . That amounts to 3.3 months of inventory for Single-Family Homes and 4.1 months of inventory for Condos .

Current as of July 11 , 2024 . Data © 2024 REsides , INC . All Rights Reserved . | Sponsored by South Carolina REALTORS ®. | Report © 2024 ShowingTime Plus , LLC .