Lowcountry Real Estate Market Report - April 2021

Posted by Paige Rose on Thursday, May 13th, 2021 at 1:15pm

April was another strong month for home sales across most market segments. The busy spring market continues to see many multiple offer situations driving sales prices above asking price. Strong buyer demand and limited housing supply show no signs of easing soon, pointing to a continuation of this market trend through spring and into summer. 

Hilton Head & Mainland Real Estate Market Update - April 2021

For the 12- month period spanning May 2020 through April 2021, pending sales in the Hilton Head region were up 64.6 percent overall. Market-wide, inventory levels were down 74.0 percent. The property type that lost the least inventory was the single-family segment, where it decreased 73.7 percent. That amounts to 0.9 months supply for single-family homes and 0.8 months supply for condos.

View the full report here.

 Key Metrics April

Hilton Head Island Homes - Real Estate Market Snapshot - April 2021

Year to date in 2021, new listings of homes for sale on Hilton Head were up +8.8 percent overall. Closed home sales on Hilton Head were up +55.6 percent and the median sales price increased +32.7 percent. Inventory levels of homes for sale were down -76.7 percent compared to April 2020. 

Hilton Head Island Condos/Villas - Real Estate Market Snapshot - April 2021

Year to date in 2021, new listings of condos/villas for sale on Hilton Head were up +32.5 percent overall. Closed condo/villas sales on Hilton Head were up +86.2  percent and the median sales price increased by +14.7 percent. Inventory levels of condos/villas for sale were down -75.5 percent compared to April 2020. 

Mainland Homes (29910 and 29909) - Real Estate Market Snapshot - March 2021

Year to date in 2021, new listings of homes for sale on the Mainland were up +11.2 percent overall. Closed home sales on the Mainland were up +43.1 percent and the median sales price increased by +8.8 percent. Inventory levels of homes for sale were down -78.6 percent compared to April 2020. 

Beaufort 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 43.7 percent overall. The price range with the largest gain in sales was the $300,001 and above range, where they increased 100.0 percent.

Market-wide, inventory levels were down 69.3 percent. The property type that lost the least inventory was the condos segment, where it decreased 55.0 percent. That amounts to 0.9 months supply for single-family homes and 1.4 months supply for condos.

View the full report here. 

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