The housing market in Hilton Head Island continues to see strong price appreciation, with values up 13.9% compared to last year. Home prices have increased 11.8% in the past month alone. With 3.9 months of supply, Hilton Head Island's inventory levels remain relatively tight. Homes are now taking an average of 59 days to sell, significantly longer than the 38 days typical for this market. A significant 20.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 9.1% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Hilton Head Island market with the affordability index at 88.3. Looking ahead, the Hilton Head Island market is expected to maintain its current trajectory with relatively stable conditions.