A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS ®

Builder confidence declined for the ninth consecutive month in September , as high home prices , rising interest rates , and elevated building costs continue to impact affordability , reducing buyer traffic and hindering new home sales , according to the National Association of Home Builders ( NAHB ) / Wells Fargo Housing Market Index ( HMI ). The NAHB reports builder confidence dropped 3 points to 46 in September ; by contrast , the index stood at 83 in January , when interest rates were half of what they are now . For the 12-month period spanning October 2021 through September 2022 , Pending Sales in the Hilton Head region were down 22.0 percent overall . The price range with the largest gain in sales was the $ 375,001 to $ 650,000 range , where they increased 3.0 percent .

The overall Median Sales Price was up 19.1 percent to $ 470,430 . The property type with the largest price gain was the Condos / Villas segment , where prices increased 22.9 percent to $ 381,000 . The price range that tended to sell the quickest was the $ 100,001 to $ 225,000 range at 71 days ; the price range that tended to sell the slowest was the $ 100,000 and Below range at 118 days .

+ 3.0 % - 13.4

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 25.7 percent . The property type that gained the most inventory was the Single Family segment , where it increased 32.5 percent . That amounts to 1.8 months supply for Single-Family homes and 1.9 months supply for Condos .

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