The 2022 real estate market begins where 2021 left off, in which existing home sales reached their highest level since 2006, with the National Association of REALTORS® reporting sales were up 8.5% compared to the previous year as homebuyers rushed to take advantage of historically low mortgage rates. Home sales would’ve been even greater were it not for soaring sales prices and a shortage of homes for sale in many markets, forcing a multitude of buyers to temporarily put their home purchase plans on hold.

Hilton Head & Mainland Real Estate Market Update - January 2022

For the 12- month period spanning February 2021 through January 2022, pending sales in the Hilton Head region were down -3.9 percent overall. Market-wide, inventory levels were down -53.8 percent. The property type that lost the least inventory was the single-family segment, where it decreased -53.3 percent. That amounts to 0.7 months supply for single-family homes and 0.5 months supply for condos.

View the full report here. 

HHIMLS Market Update January 2022

 

Hilton Head Island Homes - Real Estate Market Snapshot - January 2022

Year to date in 2022, new listings of homes for sale on Hilton Head were down -28.2 percent overall. Closed home sales on Hilton Head were down -33.9 percent and the median sales price increased +29.8 percent. Inventory levels of homes for sale were down -52.1 percent compared to January 2021. 

 

Hilton Head Island Condos/Villas - Real Estate Market Snapshot - January 2022

Year to date in 2022, new listings of condos/villas for sale on Hilton Head were down -22.7 percent overall. Closed condo/villas sales on Hilton Head were up +19.4 percent and the median sales price increased by +40.1 percent. Inventory levels of condos/villas for sale were down -50.7 percent compared to January 2021. 

 

Mainland Homes (29910 and 29909) - Real Estate Market Snapshot - January 2022

Year to date in 2022, new listings of homes for sale on the Mainland were down -36.4 percent overall. Closed home sales on the Mainland were down -29.5 percent and the median sales price increased by +20.5 percent. Inventory levels of homes for sale were down -60.9 percent compared to January 2021. 

 

Beaufort Area Real Estate Market Update - January 2021

For the 12-month period spanning February 2021 through January 2022, Pending Sales in the Beaufort region were up +1.1 percent overall. Market-wide, inventory levels were down -48.3 percent, amounting to 0.8 months supply for single-family homes and 1.0 months supply for condos.

Read the full report here.

BMLS Market Report January 2022

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