2019 Hilton Head Area Market Report
Sea Pines 365 -4.7% 6.9 169 95.1%
Forest Beach 247 +8.8% 5.6 156 95.0%
Shipyard 101 -11.4% 2.2 126 95.7%
Wexford 25 +8.7% 8.4 189 93.4%
Long Cove 34 +36.0% 8.8 211 95.6%
Palmetto Dunes 298 +26.3% 5.9 175 95.0%
Folly Field 190 +25.0% 3.0 124 96.1%
Port Royal 59 -11.9% 6.0 137 95.8%
Hilton Head Plantation 272 -11.1% 3.0 113 96.5%
Palmetto Hall 25 -41.9% 9.8 212 96.2%
Indigo Run 52 -17.5% 4.2 158 96.6%
Spanish Wells 12 -20.0% 5.8 132 93.8%
Windmill Harbour 28 +12.0% 8.1 178 94.5%
HH / Off Plantation (Condos / Villas) 334 +3.7% 3.0 106 96.0%
HH / Off Plantation (Detached) 167 -14.4% 5.4 180 97.7%
Daufuskie Island 40 17.6% 16.0 240 90.7%
Bluffton / Off Plantation 1,307 4.1% 2.3 114 97.8%
Moss Creek 60 -10.4% 7.7 189 94.8%
Colleton River 29 31.8% 12.9 272 93.7%
Belfair 40 -4.8% 11.8 181 95.8%
Rose Hill 79 92.7% 4.3 156 96.2%
Berkeley Hall 18 -35.7% 13.0 235 95.3%
Palmetto Bluff 69 200.0% 7.0 176 95.2%
Sun City / Riverbend 683 -2.0% 2.2 110 98.1%
Oldfield 25 -13.8% 7.4 178 95.8%
168
Average Days on
Market
$520,298 $536,914
$512,601
(843) 785-9500 www.HiltonHeadHomes.com
23C Shelter Cove Lane, Hilton Head Island, SC 29928
8 HILTONHEADHOMES.COM
Total
Closed
Sales
Change
from
2018
Months
Supply of
Inventory
Days
on
Market
Pct. of List
Price
Received
95.4%
Average Pct. of List
Price Received
Median Sales Price
2017 2018 2019
The 2019 housing market
was fueled by the overall strength of the
economy across most of the country. The
stock markets reached new highs throughout
the year, improving the asset bases of
millions of Americans. Unemployment rates
fell to 50-year lows, while wages increased,
creating new home buyers. Mortgage rates
also declined significantly from 2018, helping
to offset affordability stresses caused by
continued price appreciation nationally.
With a strong economy and low mortgage
rates, buyer activity has been strong. However,
most markets are being constrained by
inventory levels that are still below historical
norms. With supply and demand continuing
to favor sellers, prices continue to rise.
With 10 years having now passed since
the Great Recession, the U.S. has been on
the longest period of continued economic
expansion on record. The housing market has
been along for much of the ride and continues
to benefit greatly from the overall health
of the economy. However, hot economies
eventually cool and with that, hot housing
markets move more towards balance.
SALES: Pending sales increased 8.7
percent, finishing 2019 at 5,641. Closed
sales were up 5.6 percent to end the year
at 5,463.
LISTINGS: Comparing 2019 to the
prior year, the number of homes available
for sale was lower by 12.1 percent. There
were 2,040 active listings at the end
of 2019. New listings increased by 0.6
percent to finish the year at 7,114.
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