February 2018 Housing Supply February-Housing-Supply-Outlook

Housing Supply Overview
A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS®
February 2018
Mortgage rates are on the rise. When this happens, it means that buyers in
the lower-priced categories tend to have the dilemma of choosing to pay
more for their desired home, paying less to get less, waiting for more listings
or saving more money toward a downpayment. For the 12-month period
spanning March 2017 through February 2018, Pending Sales in the Hilton
Head region were up 13.5 percent overall. The price range with the largest
gain in sales was the $375,001 to $650,000 range, where they increased 20.2
percent.
The overall Median Sales Price was up 5.2 percent to $305,000. The property
type with the largest price gain was the Condos / Villas segment, where
prices increased 10.8 percent to $221,000. The price range that tended to
sell the quickest was the $100,001 to $225,000 range at 119 days; the price
range that tended to sell the slowest was the $650,001 and Above range at
212 days.
Market-wide, inventory levels were down 7.0 percent. The property type that
lost the least inventory was the Single Family segment, where it decreased
1.4 percent. That amounts to 5.6 months supply for Single-Family homes and
3.9 months supply for Condos.
Quick Facts
+ 20.2% + 17.4% + 29.4%
Price Range With the
Strongest Sales: Bedroom Count With
Strongest Sales: Property Type With
Strongest Sales:
$375,001 to $650,000 2 Bedrooms or Less Condos
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 March 10, 2018 Data is Copyright © 2017 All Rights Reserved. MLS of Hilton Head Island. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Report © 2017 ShowingTime. | 1