Housing Supply Overview
A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS ®
February 2017
Anecdotal evidence indicates that it ' s becoming tougher to buy a home. Never mind the usual, though apt, concerns about lower affordability amidst rising prices. With the huge amount of demand for a limited set of properties, competition is becoming the biggest obstacle. For the 12-month period spanning March 2016 through February 2017, Pending Sales in the Hilton Head region were up 3.3 percent overall. The price range with the largest gain in sales was the $ 225,001 to $ 375,000 range, where they increased 10.3 percent.
The overall Median Sales Price was up 2.6 percent to $ 290,000. The property type with the largest price gain was the Single-Family Homes segment, where prices increased 4.3 percent to $ 323,183. The price range that tended to sell the quickest was the $ 100,001 to $ 225,000 range at 120 days; the price range that tended to sell the slowest was the $ 650,001 and Above range at 193 days.
Market-wide, inventory levels were down 6.5 percent. The property type that lost the least inventory was the Single Family segment, where it decreased 2.6 percent. That amounts to 6.1 months supply for Single-Family homes and 6.0 months supply for Condos.
Quick Facts
+ 10.3 % + 4.0
Price Range With the Strongest Sales:
$ 225,001 to $ 375,000 2 Bedrooms
Pending Sales
Bedroom Co Strongest S
Days on Market Until Sale Median Sales Price Percent of List Price Receiv Inventory of Homes for Sale Months Supply of Inventory
Current as of March 10, 2017 Data is Copyright © 2017 All Rights Reserved. MLS of Hilton Head Island. Provided by the Hilton Head Area Association of REALTORS ® and South Ca