A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS ®

Record-high home prices and surging mortgage interest rates are taking their toll on America ’ s homebuilders , with builder confidence falling for the sixth consecutive month in June and dropping to its lowest level in two years , according to the National Association of Home Builders ( NAHB ). Buyer traffic is down , and as construction costs increase and housing affordability declines , construction on new homes is slowing , reflecting concerns among builders about current and future sales of new single-family homes in the months ahead . For the 12-month period spanning July 2021 through June 2022 , Pending Sales in the Hilton Head region were down 23.8 percent overall . The price range with the smallest decline in sales was the $ 375,001 to $ 650,000 range , where they decreased 2.5 percent .

The overall Median Sales Price was up 19.0 percent to $ 460,000 . The property type with the largest price gain was the Condos / Villas segment , where prices increased 25.2 percent to $ 375,000 . 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 108 days .

- 2.5 % - 14.3

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 23.8 percent . The property type that gained the most inventory was the Single Family segment , where it increased 26.0 percent . That amounts to 1.6 months supply for Single-Family homes and 1.7 months supply for Condos .

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