The Hilton Head Homes Blog - Hilton Head Market Reports

August 2019 Market Reports

Posted by Christina Galbreath-Gonzalez on September 16th, 2019

As the summer draws to a close, multiple opposing factors and trends are competing to define the direction of the real estate market. After the Federal Reserve lowered its benchmark interest rate on July 31, 30-year mortgage rates continued to decline, approaching all-time lows last seen in 2016. Yet most experts agree these reductions are unlikely to bring sufficient relief, at least in the short term, for first-time home buyers. The lack of affordable inventory and the persistence of historically high housing prices continue to affect the housing market, leading to lower-than-expected existing home sales at the national level.

New Listings were down 11.0 percent to 600. Pending Sales increased 16.2 percent to 510. Inventory shrank 6.5 percent to…

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Hilton Head Real Estate Market Indicators

Posted by Christina Galbreath-Gonzalez on August 22nd, 2017

Where is the Hilton Head real estate market headed? Consumer sentiment is strong, the economy is improving and real estate sales in the Hilton Head market are robust with indications for continuing growth and sales activity in the foreseeable future. 

For the period from August 2016 through July 2017, the Hilton Head real estate market saw an increase of 3.3% in Closed Sales and a rise in Overall Median Sales Price of 1.9% to $290,000. The $650,001 and Above range saw the largest gain in sales at 17.2% while the $100,001 to $225,000 range sold the quickest at 120 days. It is in the lower-price segment that activity from first-time buyers is most evident. Activity in this segment is crucial to healthy rises in higher-priced segments. 

Across the…

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