December 2019 HSO December-Housing-Supply-Outlook
Housing Supply Overview
A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS®
December 2019
Quick Facts
This month the Federal Reserve voted to leave its key benchmark rate
unchanged, which was widely expected. While the rate decisions by the
Federal Reserve do not directly affect mortgage rates, Federal Reserve policy
does affect the economic markets overall. Mortgage rates ended the year
close to three-quarters of a percent lower than in 2018, a welcomed
improvement for buyers as well as homeowners who took the opportunity to
refinance. For the 12-month period spanning January 2019 through
December 2019, Pending Sales in the Hilton Head region were up 8.7
percent overall. The price range with the largest gain in sales was the
$650,001 and Above range, where they increased 15.7 percent.
The overall Median Sales Price was up 3.4 percent to $325,000. The property
type with the largest price gain was the Condos / Villas segment, where
prices increased 4.2 percent to $235,000. The price range that tended to sell
the quickest was the $100,001 to $225,000 range at 110 days; the price
range that tended to sell the slowest was the $650,001 and Above range at
191 days.
+ 15.7% + 15.4% + 8.7%
Price Range With the
Strongest Sales: Bedroom Count With
Strongest Sales: Property Type With
Strongest Sales:
$650,001 and Above 2 Bedrooms or Less 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
Market-wide, inventory levels were down 12.1 percent. The property type
that lost the least inventory was the Single Family segment, where it
decreased 10.3 percent. That amounts to 4.5 months supply for Single-
Family homes and 3.9 months supply for Condos.
Current as of January 10, 2020 Data © 2020 MLS of Hilton Head. All Rights Reserved. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Report © 2020 ShowingTime. | 1