MARKET UPDATE - MARCH 2025

U.S. existing-home sales rebounded from the previous month, rising 4.2% to a seasonally adjusted annual rate of 4.26 million units, according to the National Association of REALTORS® (NAR). Economists polled by Reuters had forecast sales would fall to a rate of 3.95 million for the month. Purchase activity increased in the South and the West but decreased in the Northeast, while sales in the Midwest remained unchanged from one month earlier.

Heading into March there were 1.24 million properties for sale, a 5.1% increase from the previous month and a 17% jump from one year ago, for a 3.5-month supply at the current sales pace, according to NAR. While mortgage rates have remained in the mid-to-high 6% range, the additional supply appears to have helped bring some buyers out of the woodwork, even as sales prices continue to rise nationwide.

Read the full report here.

Hilton Head & Bluffton Real Estate Market Update - March 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 April 2024 through March 2025, Pending Sales in the Hilton Head Association of REALTORS® region softened 0.7 percent overall. The price range with the largest pending sales gain was the $1,000,001 and Above range, where sales improved 22.0 percent.

Market-wide, inventory levels went up 31.5 percent. The property type with the largest gain was the Condos segment, where the number of properties for sale increased 35.6 percent. That amounts to 4.3 months of inventory for Single-Family Homes and 5.7 months of inventory for Condos.

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

Year to date in 2025, new listings of homes for sale on Hilton Head were up +24.5 percent overall. Month-over-month, closed home sales on Hilton Head were up +7.7% percent, and the median sales price increased +29.9%. Cumulative Days on Market Until Sale decreased -11.8% percent from 46 days on the market to 41 days on the market. Compared to last March, inventory of homes for sale increased +32.5% percent to 253 homes for sale in March 2025.

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

Year to date in 2025, new listings of condos/villas for sale on Hilton Head were up +15.8% percent overall. Month-over-month, closed condo/villas sales on Hilton Head decreased -23.5% percent, and the median sales price increased +10.0% percent. Cumulative Days on Market Until Sale increased +3.8% percent from 75 days on the market to 78 days on the market. Compared to last March, inventory of condos for sale increased +29.0% percent with 391 villas for sale in March 2025.

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

Year to date in 2025, new listings of homes for sale on the Mainland were up +33.6% percent overall. Month-over-month, closed home sales on the Mainland remained the same, and the median sales price increased by +1.0% percent. Cumulative Days on Market Until Sale increased +21.4% percent from 56 days on the market to 68 days on the market. Compared to last March, inventory of homes for sale rose +38.4% percent to 807 homes for sale in March 2025.

See the full Bluffton report here.

Beaufort Real Estate Market Update - March 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 + 25.3% percent to 386. Pending Sales increased +4.6% percent to 293. Inventory grew +80.6% percent to 1,114 units.

Median Sales Price was up +13.7% percent to $464,890. Days on Market increased +20.2% percent to 125 days. Months Supply of Inventory was up +82.1% percent to 5.1 months from 2.8.

Read the full Beaufort report here.