August 2018 Housing Supply Overview August-Housing-Supply-Report

Housing Supply Overview
A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS®
August 2018
Quick Facts
The potential of an affordability conundrum has veered into the national
spotlight, as household wages struggle to keep pace with home price
increases. Yet it is ill-advised to predict a heavy shift toward fewer sales and
lower prices. Consumers have learned a lot in the last decade. For the 12-
month period spanning September 2017 through August 2018, Pending
Sales in the Hilton Head region were up 16.1 percent overall. The price range
with the largest gain in sales was the $650,001 and Above range, where they
increased 24.2 percent.
The overall Median Sales Price was up 5.8 percent to $312,219. The property
type with the largest price gain was the Condos / Villas segment, where
prices increased 7.1 percent to $225,000. The price range that tended to sell
the quickest was the $100,001 to $225,000 range at 111 days; the price
range that tended to sell the slowest was the $650,001 and Above range at
199 days.
Market-wide, inventory levels were up 1.3 percent. The property type that
gained the most inventory was the Condos segment, where it increased 10.0
percent. That amounts to 5.2 months supply for Single-Family homes and 4.9
months supply for Condos.
+ 24.2% + 19.4% + 17.7%
Price Range With the
Strongest Sales: Bedroom Count With
Strongest Sales: Property Type With
Strongest Sales:
$650,001 and Above 4 Bedrooms or More 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 September 10, 2018 Data © 2018 MLS of Hilton Head. All Rights Reserved. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Report © 2018 ShowingTime. | 1