April 2020 Indicators April-Monthly-Market-Reports | Page 12

Months Supply of Inventory
The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12
months.
Months Supply
April
5.6
5.5
5.0
2018 2019 2020
- 16.7% + 1.8% - 10.7%
Prior Year Percent Change
May 2019 5.5 5.4 +1.9%
June 2019 5.4 5.5 -1.8%
July 2019 5.2 5.2 0.0%
August 2019 5.1 5.4 -5.6%
September 2019 4.8 5.3 -9.4%
October 2019 4.9 5.5 -10.9%
November 2019 4.8 5.5 -12.7%
December 2019 4.5 5.4 -16.7%
January 2020 4.6 5.4 -14.8%
February 2020 4.5 5.4 -16.7%
March 2020 4.9 5.7 -14.0%
April 2020 5.0 5.6 -10.7%
12-Month Avg* 4.9 5.4 -9.3%
* Months Supply for all properties from May 2019 through April 2020. This is not the
average of the individual figures above.
Historical Months Supply of Inventory by Month
50.0
40.0
30.0
20.0
10.0
0.0
04-2014
04-2015
04-2016
04-2017
04-2018
04-2019
04-2020
Current as of May 10, 2020. Data is Copyright © 2020 All Rights Reserved. MLS of Hilton Head Island. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Report © 2020 ShowingTime. | 12