We're pleased to report the real estate market on Hilton Head Island is firing on all cylinders a year into the pandemic. The 1st Quarter MLS sales data illustrates the strength of our local market. While demand remains near all time highs, there is a growing sense of frustration with buyers as they compete for new listings. Sellers, on the other hand, are trying to gauge the most opportune time to come to the market while dealing with the replacement question? With inventory so scarce, it's difficult to see how the market will change much through the summer.
Home sales around the Island jumped 60.0%, year-over-year, and the median sales price appreciated 26.8% to $760,500.
Island-wide, villas sales increased 57.6%, year-over-year, and the …
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