A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS ®
March 2023
According to the U . S . Census Bureau , national sales of new homes edged up 1.1 % month-over-month as of last measure , thanks in part to builders ’ use of incentives and price discounts , with increases in housing starts and permits reported as well . Builder sentiment also continues to rise , as a limited supply of existing-home inventory has led to an uptick in new-home demand . According to the National Association of Home Builders ( NAHB )/ Wells Fargo Housing Market Index ( HMI ), builder confidence increased for the third consecutive month in March , rising two points to 44 from the previous month , marking a six-month high . For the 12-month period spanning April 2022 through March 2023 , Pending Sales in the Hilton Head region were down 21.0 percent overall . The price range with the smallest decline in sales was the $ 375,001 to $ 650,000 range , where they decreased 5.8 percent .
The overall Median Sales Price was up 14.3 percent to $ 485,000 . The property type with the largest price gain was the Single-Family Homes segment , where prices increased 12.2 percent to $ 518,708 . The price range that tended to sell the quickest was the $ 100,001 to $ 225,000 range at 68 days ; the price range that tended to sell the slowest was the $ 225,001 to $ 375,000 range at 138 days .
Quick Facts
- 5.8 % - 18.0
Price Range With the Strongest Sales :
Bedroom Co Strongest S
$ 375,001 to $ 650,000 3 Bedroo
Pending Sales Days on Market Until Sale Median Sales Price Percent of List Price Receiv Inventory of Homes for Sale Months Supply of Inventory
Market-wide , inventory levels were up 65.6 percent . The property type that gained the most inventory was the Single Family segment , where it increased 73.4 percent . That amounts to 2.1 months supply for Single-Family homes and 1.9 months supply for Condos / Villas .
Current as of April 20 , 2023 Data © 2023 REsides , INC . All Rights Reserved . | Sponsored by South Caro