A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS ®

U . S . sales of new residential homes continue to soar , rising 12.3 % from the previous month to an annual rate of 759,000 , according to the Census Bureau , with sales up 33.9 % compared to the same period last year . The latest reading surpassed economists ’ expectations for the month and marks the highest level of new-home sales since February 2022 , as homebuilders continue to benefit from limited existing-home inventory , which remains at historically low levels nationwide . For the 12- month period spanning November 2022 through October 2023 , Pending Sales in the Hilton Head Association of REALTORS ® region dropped 12.6 percent overall . The price range with the largest pending sales gain was the $ 750,001 to $ 1,000,000 range , where sales were up 3.6 percent .

The overall Median Sales Price were up 8.3 percent to $ 508,140 . The property type with the largest gain was the Condos segment , where prices went up 16.0 percent to $ 434,900 . The price range that tended to sell the quickest was the $ 150,001 to $ 250,000 range at 101 days . The price range that tended to sell the slowest was the $ 350,001 to $ 500,000 range at 172 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 rose 23.8 percent . The property type with the largest gain was the Condos segment , where the number of properties for sale were up 48.1 percent . That amounts to 2.6 months of inventory for Single-Family Homes and 4.0 months of inventory for Condos .

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