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