Hilton Head Market Overview
For the 12- month period spanning May 2015 through April 2016, Pending Sales in the Hilton Head region were up 18.2 percent overall. The price range with the largest gain in sales was the $225,001 to $375,000 range, where they increased 34.1 percent.
The overall Median Sales Price was up 9.6 percent to $285,000.
The property type with the largest price gain was the Condos segment, where prices increased 11.4 percent to $206,000.
The price range that tended to sell the quickest was the $100,001 to $225,000 range at 123 days; the price range that tended to sell the slowest was the $650,001 and Above range at 207 days.
Market-wide, inventory levels were down 1.5 percent. The property type that gained the most inventory was the Single Family segment, where it increased 1.5 percent. That amounts to 6.6 months supply for Single Family homes and 7.1 months supply for Condos.
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