The 2021 housing market was one for the history books. After three consecutive months of increases recently, existing home sales are on pace to hit their highest level in 15 years, with an estimated 6 million homes sold in 2021 according to the National Association of REALTORS®. Sales prices reached new heights, inventory hit rock bottom, and homes sold in record time, often for well above asking price. Mortgage rates, which began the year at historic lows, remain attractive, and homeowners who choose to sell in the coming months can expect to see plenty of buyer activity due to pent-up demand during the pandemic.
Hilton Head & Mainland Real Estate Market Update - December 2021
For the 12- month period spanning January 2021 through December 2021, pending sales in the Hilton Head region were up 1.2 percent overall. Market-wide, inventory levels were down 50.8 percent. The property type that lost the least inventory was the condo segment, where it decreased 34.9 percent. That amounts to 0.8 months supply for single-family homes and 0.8 months supply for condos.
Hilton Head Island Homes - Real Estate Market Snapshot - December 2021
Year to date in 2021, new listings of homes for sale on Hilton Head were down -14.5 percent overall. Closed home sales on Hilton Head were down -6.2 percent and the median sales price increased +28 percent. Inventory levels of homes for sale were down -61.3 percent compared to December 2020.
Hilton Head Island Condos/Villas - Real Estate Market Snapshot - December 2021
Year to date in 2021, new listings of condos/villas for sale on Hilton Head were up +13.5 percent overall. Closed condo/villas sales on Hilton Head were up +8.5 percent and the median sales price increased by +18.7 percent. Inventory levels of condos/villas for sale were down -33.7 percent compared to December 2020.
Mainland Homes (29910 and 29909) - Real Estate Market Snapshot - December 2021
Year to date in 2021, new listings of homes for sale on the Mainland were down -3.5 percent overall. Closed home sales on the Mainland were up +9.8 percent and the median sales price increased by +15.0 percent. Inventory levels of homes for sale were down -56.6 percent compared to November 2020.
Beaufort Area Real Estate Market Update - November 2021
For the 12-month period spanning December 2020 through November 2021, Pending Sales in the Beaufort region were up 8.6 percent overall. Market-wide, inventory levels were down 53.3 percent, amounting to 0.9 months supply for single-family homes and 1.0 months supply for condos.
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