Overall Market Update

For the 12-month period spanning September 2014 through August 2015, Pending Sales in the Hilton Head region were up 15.3 percent overall.
The price range with the largest gain in sales was the $225,001 to $375,000 range, where they increased 29.9 percent.
The overall Median Sales Price was up 8.5 percent to $272,500.
The property type with the largest price gain was the Condos segment, where prices increased 13.6 percent to $196,000.
The price range that tended to sell the quickest was the $100,000 and Below range at 93 days; the price range that tended to sell the slowest was the $650,001 and Above range at 166 days.
Market-wide, inventory levels were down 16.5 percent.
The property type that lost the least inventory was the Single Family segment, where it decreased 13.7 percent. That amounts to 6.2 months supply for Single Family homes and 6.7 months supply for Condos.