Charter One Realty Blog

With housing prices soaring and record-low inventory throughout much of the country, many prospective buyers have opted to rent for the time being, only to find conditions much the same in the rental market. Indeed, competition for rental properties is strong: the national median rent has increased 11.4% since January, and rent growth this year is surpassing the average growth over the same months from 2017 – 2019 in 98 out of the 100 largest cities in the nation, according to Apartment List.

Hilton Head & Mainland Real Estate Market Update - August 2021

For the 12- month period spanning September 2020 through August 2021, pending sales in the Hilton Head region were up 29.0 percent overall. Market-wide, inventory levels were down 54.6 percent. The property type that lost the least inventory was the condo segment, where it decreased 35.1 percent. That amounts to 1 month supply for single-family homes and 1.3 months supply for condos.

View the full report here. 

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

Year to date in 2021, new listings of homes for sale on Hilton Head were down -6.1% percent overall. Closed home sales on Hilton Head were up +18.1 percent and the median sales price increased +33.2 percent. Inventory levels of homes for sale were down -53.7 percent compared to August 2020. 

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

Year to date in 2021, new listings of condos/villas for sale on Hilton Head were up +23.7 percent overall. Closed condo/villas sales on Hilton Head were up +38  percent and the median sales price increased by +26.4 percent. Inventory levels of condos/villas for sale were down -31 percent compared to August 2020. 

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

Year to date in 2021, new listings of homes for sale on the Mainland were up +2.1 percent overall. Closed home sales on the Mainland were up +28.1 percent and the median sales price increased by +12.8 percent. Inventory levels of homes for sale were down -67.7 percent compared to August 2020.