As the weather warms and pandemic restrictions ease across much of the country, the U.S. housing market shows little sign of cooling. Robust buyer demand, fueled by low mortgage rates, continues to outpace supply, which remains near historic lows. Nationwide, inventory remains much lower than it was at this time last year, and sales prices are surging as a result. 

Hilton Head & Mainland Real Estate Market Update - May 2021

For the 12- month period spanning June 2020 through May 2021, pending sales in the Hilton Head region were up 64.4 percent overall. Market-wide, inventory levels were down 73.1 percent. The property type that lost the least inventory was the condo segment, where it decreased 68.9 percent. That amounts to 0.8 months supply for single-family homes and 0.9 months supply for condos.

View the full report here.

 May Key Metrics HHIMLS

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

Year to date in 2021, new listings of homes for sale on Hilton Head were up +6.9 percent overall. Closed home sales on Hilton Head were up +64.9 percent and the median sales price increased +33.0 percent. Inventory levels of homes for sale were down -75.3 percent compared to May 2020. 

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

Year to date in 2021, new listings of condos/villas for sale on Hilton Head were up +34.6 percent overall. Closed condo/villas sales on Hilton Head were up +91.9  percent and the median sales price increased by +20.8 percent. Inventory levels of condos/villas for sale were down -70.3 percent compared to May 2020. 

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

Year to date in 2021, new listings of homes for sale on the Mainland were up +13.3 percent overall. Closed home sales on the Mainland were up +52.4 percent and the median sales price increased by +13.7 percent. Inventory levels of homes for sale were down -76.2 percent compared to May 2020. 

Beaufort Real Estate Market Update - March 2021

For the 12-month period spanning April 2020 through March 2021, pending sales in the Hilton Head region were up 43.7 percent overall. The price range with the largest gain in sales was the $300,001 and above range, where they increased 100.0 percent.

Market-wide, inventory levels were down 69.3 percent. The property type that lost the least inventory was the condos segment, where it decreased 55.0 percent. That amounts to 0.9 months supply for single-family homes and 1.4 months supply for condos.

View the full report here. 

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