Found 1 blog entry tagged as Mortgage rates Hilton Head.

Hilton Head & Bluffton Real Estate: 2024 Market Recap & What It Means for You

The 2024 Hilton Head Area Year-End Market Report is here, and while the headlines might scream "market slowdown!", the real story is much more layered. If you're a buyer, seller, or just a market watcher, let's break down what these numbers actually mean for you.

More Inventory, Slightly Fewer Sales—But Prices Keep Climbing

A 27.7% increase in homes for sale meant buyers had more choices in 2024. However, pending sales dropped 2.6%, and closed sales fell 2.5%—a reflection of higher mortgage rates earlier in the year, which slowed activity during what is usually a busy spring market.

But despite this, prices continued to rise:
 Median sales price up 5.4% to …

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