A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS ®

In an effort to attract buyers amid slowing traffic and declining home sales , U . S . homebuilders have been increasingly reducing prices and offering sales incentives this year . According to the National Association of Home Builders , 36 % of single-family homebuilders reported cutting prices as of last measure , with an average price reduction of 6 %. Meanwhile , 59 % of builders reported offering sales incentives , including price discounts , paying closing costs or fees , and offering free upgrades or price discounts , among others . For the 12-month period spanning January 2022 through December 2022 , Pending Sales in the Hilton Head region were down 24.1 percent overall . The price range with the largest gain in sales was the $ 375,001 to $ 650,000 range , where they increased 1.2 percent .

The overall Median Sales Price was up 18.3 percent to $ 485,000 . The property type with the largest price gain was the Condos / Villas segment , where prices increased 20.0 percent to $ 390,000 . The price range that tended to sell the quickest was the $ 100,001 to $ 225,000 range at 68 days ; the price range that tended to sell the slowest was the $ 225,001 to $ 375,000 range at 122 days .

+ 1.2 % - 19.0

Price Range With the Strongest Sales :

Bedroom Co Strongest S

$ 375,001 to $ 650,000 2 Bedrooms

Pending Sales 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 88.6 percent . The property type that gained the most inventory was the Single Family segment , where it increased 99.0 percent . That amounts to 2.1 months supply for Single-Family homes and 1.9 months supply for Condos / Villas .

Current as of January 10 , 2023 Data © 2023 REsides , INC . All Rights Reserved . | Sponsored by South Caro