MARKET UPDATE - APRIL 2025

U.S. existing-home sales decreased 5.9% month-over-month and 2.4% year-over-year to a seasonally adjusted annual rate of 4.02 million units, according to the National Association of REALTORS® (NAR), as affordability challenges and economic uncertainty weigh on market activity. Sales were down month-over-month in all four regions, with the West experiencing the largest decline, at 9.4%.

Total housing inventory increased 8.1% month-over-month for a total of 1.33 million units heading into April, equivalent to a 4.0-month supply at the current sales pace, according to NAR. Although inventory is up nearly 20% from the same time last year, the additional supply has had little effect on home prices across much of the country, with the national median existing-home price climbing 2.7% year-over-year to $403,700 as of last measure.

Read the full report here.

Hilton Head & Bluffton Real Estate Market Update - April 2025

Below is the current state of the real estate market for the Hilton Head Association of REALTORS® service area, comparing year-to-date (YTD) figures from this year to the same period last year. Despite some challenges, there have been several encouraging trends that indicate resilience and opportunities in the market.

For the 12-month period spanning May 2024 through April 2025, Pending Sales in the Hilton Head Association of REALTORS® region was down 2.1 percent overall. The price range with the largest pending sales gain was the $1,000,001 and Above range, where sales were up 19.6 percent.

Market-wide, inventory levels improved 29.8 percent. The property type with the largest gain was the Condos segment, where the number of properties for sale increased 32.4 percent. That amounts to 4.5 months of inventory for Single-Family Homes and 6.1 months of inventory for Condos.

Hilton Head Island Homes- Real Estate Market Snapshot - April 2025

Year to date in 2025, new listings of homes for sale on Hilton Head were up +21.1% overall. Month-over-month, closed home sales on Hilton Head were down -8.4%, and the median sales price increased +14.6%. Cumulative Days on Market Until Sale increased +15.6% from 51 days on the market to 59 days on the market. Compared to last April, inventory of homes for sale increased +35.5% percent to 267 homes for sale in April 2025.

Hilton Head Island Condos/Villas - Real Estate Market Snapshot - April 2025

Year to date in 2025, new listings of condos/villas for sale on Hilton Head were down -3.4% overall. Month-over-month, closed condo/villas sales on Hilton Head decreased -2.8%, and the median sales price increased +4.4%. Cumulative Days on Market Until Sale increased +19.6% percent from 54 days on the market to 64 days on the market. Compared to last April, inventory of condos for sale increased +24.6% percent with 391 villas for sale in April 2025.

Mainland Homes (29910 and 29909) - Real Estate Market Snapshot - April 2025

Year to date in 2025, new listings of homes for sale on the Mainland were up +14.7% overall. Month-over-month, closed home sales on the Mainland decreased -12.1%, and the median sales price increased by +6.1%. Cumulative Days on Market Until Sale increased +37.8% from 45 days on the market to 62 days on the market. Compared to last April, inventory of homes for sale rose +37.1% percent to 847 homes for sale in April 2025.

See the full Bluffton report here.

Beaufort Real Estate Market Update - April 2025

Amidst the ever-changing landscape, the Beaufort-Jasper County real estate market stands strong and vibrant. Here is an overview of the year-to-date figures, comparing this year's performance to the same period last year, and we're delighted to share that the market is displaying remarkable resiliency.

Year-over-year, New Listings were up +24.7% to 1,435. Pending Sales increased +12.6% to 312. Inventory grew +81.0%  to 1,160 units.

Median Sales Price was down -5.3% percent to $430,900. Days on Market increased +10.8% to 113 days. Months Supply of Inventory was up +79.3% to 5.2 months from 2.9.

Read the full Beaufort report here.