Charter One Realty Blog

Summer’s here, and with vaccination rates on the rise, buyers continue to flood the market in search of their next home, with rock bottom inventory and record-high sales prices reported throughout much of the country. Although closed sales were down nationally, overall demand for housing remains high, in part due to attractively low-interest rates, offering buyers some relief and affordability in a fiercely competitive market.

Hilton Head & Mainland Real Estate Market Update - June 2021

For the 12- month period spanning July 2020 through June 2021, pending sales in the Hilton Head region were up 50.1 percent overall. Market-wide, inventory levels were down 65.8 percent. The property type that lost the least inventory was the condo segment, where it decreased 53.2 percent. That amounts to 0.9 months supply for single-family homes and 1.1 months supply for condos.

View the full report here.

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

Year to date in 2021, new listings of homes for sale on Hilton Head were up +3.9 percent overall. Closed home sales on Hilton Head were up +50.1 percent and the median sales price increased +33.2 percent. Inventory levels of homes for sale were down -67.3 percent compared to June 2020. 

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

Year to date in 2021, new listings of condos/villas for sale on Hilton Head were up +36.1 percent overall. Closed condo/villas sales on Hilton Head were up +47.0  percent and the median sales price increased by +22.4 percent. Inventory levels of condos/villas for sale were down -54.8 percent compared to June 2020. 

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

Year to date in 2021, new listings of homes for sale on the Mainland were up +4.7 percent overall. Closed home sales on the Mainland were up +49.8 percent and the median sales price increased by +12.7 percent. Inventory levels of homes for sale were down -76.1 percent compared to June 2020. 

Beaufort Real Estate Market Update - May 2021

For the 12-month period spanning June 2020 through May 2021, pending sales in the Beaufort region were up 47.7 percent overall. The price range with the largest gain in sales was the $300,001 and above range, where they increased 108.3 percent.

Market-wide, inventory levels were down 71.5 percent. The property type that lost the least inventory was the condos segment, where it decreased 72.1 percent. That amounts to 0.8 months supply for single-family homes and 1.0 months supply for condos.

View the full report here.