+ 21.0 % + 3.9 % + 3.6 %
Housing Supply Overview
A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS ®
October 2024
U . S . new-home sales climbed 4.1 % month-over-month and 6.3 % yearover-year to a seasonally adjusted annual rate of 738,000 units , according to the U . S . Census Bureau . The latest reading exceeded economists ’ expectations for the month and marks the highest level of new-home sales since May 2023 . The national median new-home sales price remained virtually unchanged from the same time last year , at $ 426,300 . For the 12-month period spanning November 2023 through October 2024 , Pending Sales in the Hilton Head Association of REALTORS ® region was down 1.7 percent overall . The price range with the largest pending sales gain was the $ 1,000,001 and Above range , where sales went up 21.0 percent .
The overall Median Sales Price increased 7.2 percent to $ 545,000 . The property type with the largest gain was the Single-Family Homes segment , where prices improved 9.4 percent to $ 580,000 . The price range that tended to sell the quickest was the $ 150,001 to $ 250,000 range at 90 days . The price range that tended to sell the slowest was the $ 350,001 to $ 500,000 range at 178 days .
Quick Facts
+ 21.0 % + 3.9 % + 3.6 %
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 24.9 percent . The property type with the largest gain was the Single-Family Homes segment , where the number of properties for sale rose 30.8 percent . That amounts to 3.8 months of inventory for Single-Family Homes and 4.5 months of inventory for Condos .
Current as of November 10 , 2024 . Data © 2024 REsides , INC . All Rights Reserved . | Sponsored by South Carolina REALTORS ®. | Report © 2024 ShowingTime Plus , LLC .