MARKET UPDATE - JANUARY 2025

U.S. existing-home sales fell for the first time since September, slipping 4.9% month over-month to a seasonally adjusted annual rate of 4.08 million units, according to the National Association of REALTORS® (NAR), as elevated home prices and higher interest rates continue to impact buyer activity. Despite the drop, sales were up 2% compared to the same period last year, marking the fourth consecutive monthly year over-year increase.

The limited number of properties for sale has continued to push home prices higher nationwide. At last measure, the national median existing-home price was $396,900, a 4.8% increase from one year earlier, with prices up in all four regions, according to NAR. Meanwhile, total housing inventory heading into February stood at 1.18 million units, up 3.5% month-over-month and 16.8% year-over-year, for a 3.5-month supply at the current sales pace.

Read the full report here.

Hilton Head & Bluffton Real Estate Market Update - January 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 February 2024 through January 2025, Pending Sales in the Hilton Head Association of REALTORS® region decreased 1.1 percent overall. The price range with the largest pending sales gain was the $1,000,001 and Above range, where sales improved 21.5 percent.

Market-wide, inventory levels was up 25.2 percent. The property type with the largest gain was the Single-Family Homes segment, where the number of properties for sale increased 29.3 percent. That amounts to 3.8 months of inventory for Single-Family Homes and 4.3 months of inventory for Condos.

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

Year to date in 2025, new listings of homes for sale on Hilton Head were up +3.6 percent overall. Month-over-month, closed home sales on Hilton Head were up +31.4% percent, and the median sales price decreased +37.7%. Cumulative Days on Market Until Sale increased +2.3% percent from 61 days on the market to 62 days on the market. Compared to last January, inventory of homes for sale increased +6.8% percent to 189 homes for sale in January 2025.

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

Year to date in 2025, new listings of condos/villas for sale on Hilton Head were down +13.3% percent overall. Month-over-month, closed condo/villas sales on Hilton Head decreased -6.3% percent, and the median sales price increased +13.8% percent. Cumulative Days on Market Until Sale increased +84.0% percent from 49 days on the market to 60 days on the market. Compared to last January, inventory of condos for sale increased +6.7% percent with 318 villas for sale in January 2025.

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

Year to date in 2025, new listings of homes for sale on the Mainland were up + 25.7% percent overall. Month-over-month, closed home sales on the Mainland were up +33.9% percent, and the median sales price decreased by -14.4% percent. Cumulative Days on Market Until Sale increased +3.3% percent from 60 days on the market to 62 days on the market. Compared to last January, inventory of homes for sale rose +42.8% percent to 697 homes for sale in January 2025.

Read the full Bluffton report here.

Beaufort Real Estate Market Update - January 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 + 12.4% percent to 254. Pending Sales decreased -1.0% percent to 200. Inventory grew + 62.4% percent to 911 units.

Median Sales Price was up +3.2% percent to $431,669. Days on Market increased + 22.7% percent to119 days. Months Supply of Inventory was up +57.7% percent to 4.1 months from 2.6%.

Read the full Beaufort report here.