Charter One Realty Blog

After months of declines, the inventory of homes for sale nationwide is beginning to increase as more sellers come to the market, looking to capitalize on record-high sales prices while providing a much-need boost of supply to America’s epic housing shortage. This is encouraging news for homebuyers, who have struggled with a lack of supply and rocketing sales prices during the pandemic.

Hilton Head & Mainland Real Estate Market Update - July 2021

For the 12- month period spanning August 2020 through July 2021, pending sales in the Hilton Head region were up 38.0 percent overall. Market-wide, inventory levels were down 59.2 percent. The property type that lost the least inventory was the condo segment, where it decreased 48.1 percent. That amounts to 1 month supply for single-family homes and 1.2 months supply for condos.

View the full report here. 

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

Year to date in 2021, new listings of homes for sale on Hilton Head were down -2.9% percent overall. Closed home sales on Hilton Head were up +33.9 percent and the median sales price increased +32.5 percent. Inventory levels of homes for sale were down -61.2 percent compared to July 2020. 

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

Year to date in 2021, new listings of condos/villas for sale on Hilton Head were up +27.4 percent overall. Closed condo/villas sales on Hilton Head were up +45.8  percent and the median sales price increased by +25.1 percent. Inventory levels of condos/villas for sale were down -49.2 percent compared to July 2020. 

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

Year to date in 2021, new listings of homes for sale on the Mainland were up +1.8 percent overall. Closed home sales on the Mainland were up +37.8 percent and the median sales price increased by +12.4 percent. Inventory levels of homes for sale were down -68.2 percent compared to July 2020.