The share of Americans planning to purchase a home in the next year is falling, according to NAHB’s Housing Trends Report, with only 13% of adults intending to purchase a home in the next 12 months, the lowest level since mid-2020. Declining affordability and low inventory have made it difficult for many buyers to compete in the current market, as rising inflation, surging interest rates, and record-high sales prices have priced an increasing number of prospective buyers out of the market.
Hilton Head & Mainland Real Estate Market Update - April 2022
For the 12-month period spanning May 2021 through April 2022, pending sales in the Hilton Head region were down -23.7 percent overall. Market-wide, inventory levels were down -8.4 percent, amounting to 1.1 months supply for single-family homes and 0.8 months supply for condos.
Hilton Head Island Homes - Real Estate Market Snapshot - April 2022
Year to date in 2022, new listings of homes for sale on Hilton Head were down -17.4 percent overall. Closed home sales on Hilton Head were down -36.0 percent and the median sales price increased +11.2 percent. Inventory levels of homes for sale were down -2.6 percent compared to April 2021.
Hilton Head Island Condos/Villas - Real Estate Market Snapshot - April 2022
Year to date in 2022, new listings of condos/villas for sale on Hilton Head were down -20.5 percent overall. Closed condo/villas sales on Hilton Head were down -16.4 percent and the median sales price increased by +36.1 percent. Inventory levels of condos/villas for sale were down -17.5 percent compared to April 2021.
Mainland Homes (29910 and 29909) - Real Estate Market Snapshot - April 2022
Year to date in 2022, new listings of homes for sale on the Mainland were down -8.3 percent overall. Closed home sales on the Mainland were down -28.3 percent and the median sales price increased by +32.2 percent. Inventory levels of homes for sale were down -12.0 percent compared to April 2021.
Beaufort Area Real Estate Market Update - April 2022
For the 12-month period spanning May 2021 through April 2022, pending sales in the Beaufort region were down -15.4 percent overall. Market-wide, inventory levels were up +6.0 percent, amounting to 0.9 months supply for single-family homes and 1.4 months supply for condos.
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