Lowcountry Real Estate Market Report - February 2021

Posted by Paige Rose on Monday, March 15th, 2021 at 12:18pm

Buyer demand continued to be robust in February, leading to many multiple offer situations as housing supply continues to remain severely constrained in most segments. This imbalance of prospective buyers to available homes for sale will continue to support multiple offers and, with it, higher home sales prices, as we go into the typically busy spring market.

Hilton Head & Mainland Real Estate Market Update - February 2021

For the 12-month period spanning March 2020 through February 2021, pending sales in the Hilton Head region were up 37.6 percent overall. The price range with the largest gain in sales was the $650,001 and above range, where they increased 110.8 percent.

Market-wide, inventory levels were down 67.4 percent. The property type that lost the least inventory was the single-family segment, where it decreased 67.1 percent. That amounts to 1.1 months supply for single-family homes and 1.0 months supply for condos.

View the full report here.

Key Metrics Housing Supply HHIMLS February

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

Year to date in 2021, new listings of homes for sale on Hilton Head were down 6.4 percent overall. Closed home sales on Hilton Head were up 68.4 percent and the median sales price increased 31.0 percent. Inventory levels of homes for sale were down 71.4 percent compared to February 2020. 

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

Year to date in 2021, new listings of condos/villas for sale on Hilton Head were up 18.9 percent overall. Closed condo/villas sales on Hilton Head were up 50.0  percent and the median sales price increased by 8.2 percent. Inventory levels of condos/villas for sale were down 70.8 percent compared to February 2020. 

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

Year to date in 2021, new listings of homes for sale on the Mainland were down 7.1 percent overall. Closed home sales on the Mainland were up 36.5  percent and the median sales price increased by 14.7 percent. Inventory levels of homes for sale were down 70.1 percent compared to February 2020. 

 

Beaufort Area Real Estate Market Update - January 2021

For the 12-month period spanning February 2020 through January 2021, pending sales in the Beaufort region were up 29.1 percent overall. The price range with the largest gain in sales was the $300,001 and above range, where they increased 66.6 percent.

Market-wide, inventory levels were down 50.3 percent. The property type that lost the least inventory was the condo segment, where it decreased 36.8 percent. That amounts to 1.5 months supply for single-family homes and 2.2 months supply for condos.

Key Metrics Housing Supply BMLS January

View the full report here.

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