A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS ®

New-home production is slowing , as soaring costs and declining housing affordability have caused builder confidence to plummet to its lowest level since April 2020 . As material costs , interest rates , and home prices continue to surge — the median sales price of a new single-family home was north of $ 400,000 as of last measure — builders are becoming increasingly cautious about the future of new home sales , with the Commerce Department reporting that sales of new single-family homes , housing starts , and permits recently dropped to a 2-year low . For the 12-month period spanning August 2021 through July 2022 , Pending Sales in the Hilton Head region were down 22.4 percent overall . The price range with the largest gain in sales was the $ 375,001 to $ 650,000 range , where they increased 1.1 percent .

The overall Median Sales Price was up 17.3 percent to $ 460,500 . The property type with the largest price gain was the Condos / Villas segment , where prices increased 23.0 percent to $ 375,000 . 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 114 days .

+ 1.1 % - 13.9

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 30.6 percent . The property type that gained the most inventory was the Single Family segment , where it increased 32.6 percent . That amounts to 1.8 months supply for Single-Family homes and 1.9 months supply for Condos .

Current as of August 10 , 2022 Data © 2022 REsides , Inc . All Rights Reserved . Provided by the Hilton Head Area Association of REALTORS ® and South Ca