April 2017 Housing Supply Indicators Hilton-Head_HSO

Housing Supply Overview A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS® April 2017 Quick Facts Spring is in the air, and housing activity is heightening. There appear to be more buyers out on the prowl, given the fact that sales prices are still going up while the number of days a house is on the market continues to drop. This is a recipe for a seller's market. For the 12-month period spanning May 2016 through April 2017, Pending Sales in the Hilton Head region were up 3.5 percent overall. The price range with the largest gain in sales was the $650,001 and Above range, where they increased 15.1 percent. The overall Median Sales Price was up 3.5 percent to $294,900. The property type with the largest price gain was the Single-Family Homes segment, where prices increased 4.5 percent to $325,000. The price range that tended to sell the quickest was the $100,000 and Below range at 122 days; the price range that tended to sell the slowest was the $650,001 and Above range at 196 days. Market-wide, inventory levels were down 7.2 percent. The property type that lost the least inventory was the Single Family segment, where it decreased 1.7 percent. That amounts to 6.5 months supply for Single-Family homes and 5.7 months supply for Condos. + 15.1% + 5.9% + 8.9% Price Range With the Strongest Sales: Bedroom Count With Strongest Sales: Property Type With Strongest Sales: $650,001 and Above 4 Bedrooms or More Condos Pending Sales Days on Market Until Sale Median Sales Price Percent of List Price Received Inventory of Homes for Sale Months Supply of Inventory 2 3 4 5 6 7 Current as of May 10, 2017 Data is Copyright © 2017 All Rights Reserved. MLS of Hilton Head Island. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Report © 2017 ShowingTime. | 1

April 2017 Housing Supply Indicators Hilton-Head_HSO_2017-04