March sales activity picked up where February left off, with an already redhot market showing no signs of slowing. Rising home prices and mortgage rates are affecting affordability, but have yet to impact demand, as sales continue to increase. Extremely constrained supply in many market segments will continue to fuel multiple offers and rising home prices.
Hilton Head & Mainland Real Estate Market Update - March 2021
For the 12-month period spanning April 2020 through March 2021, pending sales in the Hilton Head region were up 48.9 percent overall. The price range with the largest gain in sales was the $650,001 and above range, where they increased 134.5 percent.
Market-wide, inventory levels were down 72.4 percent. The property type that lost…