A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS ®

Rising mortgage rates continue to hamper America ’ s homebuilders , as higher material costs and growing affordability challenges limit the number of people who can afford to purchase a new home , causing new-home sales to decline nationwide . Construction of new homes has slowed , with housing starts down 8.1 % month-to-month as of last measure , according to the U . S . Census Bureau , while the supply of new homes for sale increased 13.6 % over the same period , equaling a 9.2 months ’ supply . For the 12-month period spanning November 2021 through October 2022 , Pending Sales in the Hilton Head region were down 22.1 percent overall . The price range with the largest gain in sales was the $ 375,001 to $ 650,000 range , where they increased 4.4 percent .

The overall Median Sales Price was up 18.8 percent to $ 475,000 . The property type with the largest price gain was the Condos / Villas segment , where prices increased 20.6 percent to $ 380,000 . The price range that tended to sell the quickest was the $ 100,001 to $ 225,000 range at 69 days ; the price range that tended to sell the slowest was the $ 100,000 and Below range at 116 days .

+ 4.4 % - 13.7

Price Range With the Strongest Sales :

$ 375,001 to $ 650,000 2 Bedrooms

Pending Sales

Bedroom Co Strongest S

Days on Market Until Sale Median Sales Price Percent of List Price Receiv Inventory of Homes for Sale Months Supply of Inventory

Market-wide , inventory levels were up 43.7 percent . The property type that gained the most inventory was the Single Family segment , where it increased 47.5 percent . That amounts to 2.0 months supply for Single-Family homes and 2.0 months supply for Condos / Villas .

Current as of November 10 , 2022 Data © 2022 REsides , INC . All Rights Reserved . | Sponsored by South Caro