April 2019 HSO Hilton-Head_HSO_2019-04

Housing Supply Overview
A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS®
April 2019
Quick Facts
Months of supply are beginning to rise as unaffordable-to-most listings begin
to enter the market with more regularity. Sales have actually been steady in
higher price ranges, while first-time buyer markets are extremely competitive.
For the 12-month period spanning May 2018 through April 2019, Pending
Sales in the Hilton Head region were up 5.8 percent overall. The price range
with the largest gain in sales was the $375,001 to $650,000 range, where
they increased 13.9 percent.
The overall Median Sales Price was up 4.1 percent to $317,365. The property
type with the largest price gain was the Single-Family Homes segment,
where prices increased 2.1 percent to $345,000. The price range that tended
to sell the quickest was the $100,000 and Below range at 100 days; the price
range that tended to sell the slowest was the $650,001 and Above range at
188 days.
Market-wide, inventory levels were up 4.8 percent. The property type that
gained the most inventory was the Condos segment, where it increased 11.3
percent. That amounts to 5.5 months supply for Single-Family homes and 5.1
months supply for Condos.
+ 13.9% + 9.8% + 6.5%
Price Range With the
Strongest Sales: Bedroom Count With
Strongest Sales: Property Type With
Strongest Sales:
$375,001 to $650,000 3 Bedrooms Single-Family
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, 2019 Data © 2019 MLS of Hilton Head. All Rights Reserved. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Report © 2019 ShowingTime. | 1