+ 19.3 % + 1.8 % + 2.1 %
Housing Supply Overview
A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS ®
September 2024
U . S . sales of new residential homes fell 4.7 % month-over-month to a seasonally adjusted annual rate of 716,000 units , but were up 9.8 % year-over-year , according to the U . S . Census Bureau . Economists polled by Reuters had forecast new home sales to come in at 700,000 units for the month . Sales prices were also down as of last measure , with the median sales price of new homes coming in at $ 420,600 for the month , a 4.6 % decline from the same period last year . For the 12-month period spanning October 2023 through September 2024 , Pending Sales in the Hilton Head Association of REALTORS ® region softened 3.5 percent overall . The price range with the largest pending sales gain was the $ 1,000,001 and Above range , where sales were up 19.3 percent .
The overall Median Sales Price rose 7.5 percent to $ 542,778 . The property type with the largest gain was the Single-Family Homes segment , where prices improved 9.1 percent to $ 578,102 . 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 176 days .
Quick Facts
+ 19.3 % + 1.8 % + 2.1 %
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 increased 33.7 percent . The property type with the largest gain was the Single-Family Homes segment , where the number of properties for sale were up 39.3 percent . That amounts to 3.7 months of inventory for Single-Family Homes and 4.5 months of inventory for Condos .
Current as of October 10 , 2024 . Data © 2024 REsides , INC . All Rights Reserved . | Sponsored by South Carolina REALTORS ®. | Report © 2024 ShowingTime Plus , LLC .