Nationwide, existing home sales were down slightly in August, falling 2% after two consecutive months of increases, according to the National Association of REALTORS®. The decline in existing home sales coincides with rising sales prices, which have continued to soar into fall, with the median sales price of existing homes up 14.9% compared to last year. Declining affordability has had a significant impact on homebuyers, many of whom have been priced out of the market and are choosing to wait for sales prices to ease before resuming their home search.

Hilton Head & Mainland Real Estate Market Update - September 2021

For the 12- month period spanning October 2020 through September 2021, pending sales in the Hilton Head region were up 19.0 percent overall. Market-wide, inventory levels were down 48.7 percent. The property type that lost the least inventory was the condo segment, where it decreased 22.8 percent. That amounts to 1 month supply for single-family homes and 1.4 months supply for condos.

View the full report here. 

 Real Estate Update September 2021

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

Year to date in 2021, new listings of homes for sale on Hilton Head were down -7.8% percent overall. Closed home sales on Hilton Head were up +6.1 percent and the median sales price increased +28.6 percent. Inventory levels of homes for sale were down -52.0 percent compared to September 2020. 

 

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

Year to date in 2021, new listings of condos/villas for sale on Hilton Head were up +20.4 percent overall. Closed condo/villas sales on Hilton Head were up +24.9 percent and the median sales price increased by +23.8 percent. Inventory levels of condos/villas for sale were down -18.3 percent compared to September 2020. 

 

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

Year to date in 2021, new listings of homes for sale on the Mainland were up -0.3 percent overall. Closed home sales on the Mainland were up +22.3 percent and the median sales price increased by +12.5 percent. Inventory levels of homes for sale were down -63.2 percent compared to September 2020. 

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