A spike in mortgage rates, increased building costs, and record-setting new home prices continue to take their toll on the construction industry, as new single-family home sales plunged 16.6% month-over-month, according to recent data from the Commerce Department.

Hilton Head & Mainland Real Estate Market Update - May 2022

For the 12-month period spanning June 2021 through May 2022, Pending Sales in the Hilton Head region were down 24.3 percent overall. Market-wide, inventory levels were up 9.4 percent. The property type that gained the most inventory was the Single Family segment, where it increased 11.0 percent. That amounts to 1.3 months supply for Single-Family homes and 1.3 months supply for Condos.

View the full report here. 

Hilton Head Real Estate Market Report April 2022

 

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Charter One Realty's consistent investments on behalf of Buyers, Sellers, and Communities for over three decades pay dividends for our clients. Like the international luxury brands, Charter One Realty employs world-class marketing with a global reach.

But one need only look at actual sales in the area’s luxury communities, and at the area’s $1,000,000+ transactions to understand that Charter One Realty is the Lowcountry’s Leading Luxury Brand.

Announcing our May 2022 Charter One Realty Signature Sales. Like the international luxury brands, Charter One Realty employs world-class marketing with a global reach. And when it comes to Luxury Properties, we dominate the market.

We successfully listed, marketed, and negotiated the sale of 35 $1M+…

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