These five numbers show us how the Hilton Head market is doing.

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I have a quick market update for Hilton Head real estate after some exciting statistics have come in. Here are five key market statistics you need to know from the first quarter of 2021:

1. Closed sales are up 50%.

2. Days on market average is down 15% to 124 days.

3. The median sale price is up 14% to $385,000.

4. Home inventory is down 72%. This is the big thing driving our market.

5. The month’s supply of inventory is down 82%.

It’s pretty amazing that we have 50% more sales with 72% fewer homes available. This is great news for sellers going forward. Our market remains strong, solid, and healthy.

If you have any questions about the market or real estate in general, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.