A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS ®

The average 30-year fixed-rate mortgage ended the month at 3.55 %, nearly a full point higher than the low of 2.65 % recorded in January 2020 , with residential borrowing costs now the highest they ’ ve been since March 2020 , according to Freddie Mac . As rates continue to rise , home price growth is predicted to increase at a more moderate pace . While declining home affordability may temper buyer activity , the chronic lack of supply across most housing market segments appears unlikely to change significantly in the near future . For the 12-month period spanning February 2021 through January 2022 , Pending Sales in the Hilton Head region were down 3.9 percent overall . The price range with the largest gain in sales was the $ 650,001 and Above range , where they increased 17.0 percent .

The overall Median Sales Price was up 12.2 percent to $ 415,000 . The property type with the largest price gain was the Condos / Villas segment , where prices increased 19.3 percent to $ 330,000 . The price range that tended to sell the quickest was the $ 100,001 to $ 225,000 range at 80 days ; the price range that tended to sell the slowest was the $ 650,001 and Above range at 108 days .

+ 17.0 % + 7.8

Price Range With the Strongest Sales :

$ 650,001 and Above 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 down 53.8 percent . The property type that lost the least inventory was the Single Family segment , where it decreased 53.3 percent . That amounts to 0.7 months supply for Single- Family homes and 0.5 months supply for Condos .

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