MARKET UPDATE - JULY 2025

U.S. existing-home sales fell 2.7% from the previous month to a seasonally adjusted annual rate of 3.93 million, according to the National Association of REALTORS® (NAR). Sales were unchanged from one year earlier. Regionally, monthly sales declined in the Midwest, Northeast, and South but rose in the West. Year-over-year, sales decreased in the Northeast and West but increased in the South and Midwest.

Nationally, the median existing-home sales price rose 2.0% year-over-year to $435,300, a new monthly high and the 24th consecutive month of annual price gains, according to NAR. Slower sales activity has contributed to rising inventory this year, with 1.53 million properties listed for sale heading into July, a 15.9% increase from the same time last year and equivalent to a 4.7-month supply at the current sales pace.

Read the full report here.

Hilton Head & Bluffton Real Estate Market Update - July 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 August 2024 through July 2025, Pending Sales in the Hilton Head Association of REALTORS® region improved 1.2 percent overall. The price range with the largest pending sales gain was the $1,000,001 and Above range, where sales improved 17.1 percent.

Market-wide, inventory levels was up 27.7 percent. The property type with the largest gain was the Single-Family Homes segment, where the number of properties for sale were up 28.9 percent. That amounts to 4.4 months of inventory for Single-Family Homes and 5.7 months of inventory for Condos.

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

Year to date in 2025, new listings of homes for sale on Hilton Head were up +15.8% overall. Month-over-month, closed home sales on Hilton Head were up +48.5%, and the median sales price increased +6.6%. Cumulative Days on Market Until Sale increased +141.5% from 34 days on the market to 81 days on the market. Compared to last July, inventory of homes for sale increased +27.4% to 256 homes for sale in July 2025.

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

Year to date in 2025, new listings of condos/villas for sale on Hilton Head were up +6.6% overall. Month-over-month, closed condo/villas sales on Hilton Head decreased -5.3%, and the median sales price increased 18.6%. Cumulative Days on Market Until Sale increased +59.9% percent from 58 days on the market to 92 days on the market. Compared to last July, inventory of condos for sale increased +16.2% percent with 401 villas for sale in July 2025.

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

Year to date in 2025, new listings of homes for sale on the Mainland were up +12.9% overall. Month-over-month, closed home sales on the Mainland increased +13.5%, and the median sales price decreased -9.2%. Cumulative Days on Market Until Sale increased +66.1% from 56 days on the market to 93 days on the market. Compared to last July, inventory of homes for sale rose +32.5% to 824 homes for sale in July 2025.

See the full Bluffton report here.

Beaufort Real Estate Market Update - July 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 +25.9% to 2,458. Month-over-month, Pending Sales increased +35.0% to 297. Inventory grew +77.9%  to 1,224 units.

Median Sales Price was down -5.9% percent to $427,900. Days on Market increased +14.7% to 117 days. Months Supply of Inventory was up +62.5% to 5.2 months from 3.2.

Read the full Beaufort report here.

Savannah Area Real Estate Market Update - June 2025