February 2019 Housing Supply Overview February-Housing-Supply-Overview

Housing Supply Overview
A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS®
February 2019
Quick Facts
Although inventory continues to show signs of improvement across the
country – especially in markets in the western part of the U.S. – the national
increase seems to be coinciding with a reduction in sales. This could be
because the inventory increases are in higher price ranges that many buyers
cannot currently afford. For the 12-month period spanning March 2018
through February 2019, Pending Sales in the Hilton Head region were up 10.9
percent overall. The price range with the largest gain in sales was the
$650,001 and Above range, where they increased 22.3 percent.
The overall Median Sales Price was up 2.9 percent to $313,715. The property
type with the largest price gain was the Single-Family Homes segment,
where prices increased 1.3 percent to $342,250. The price range that tended
to sell the quickest was the $100,001 to $225,000 range at 106 days; the
price range that tended to sell the slowest was the $650,001 and Above
range at 186 days.
Market-wide, inventory levels were up 5.5 percent. The property type that
gained the most inventory was the Condos segment, where it increased 29.9
percent. That amounts to 5.1 months supply for Single-Family homes and 5.3
months supply for Condos.
+ 22.3% + 15.1% + 29.3%
Price Range With the
Strongest Sales: Bedroom Count With
Strongest Sales: Property Type With
Strongest Sales:
$650,001 and Above 3 Bedrooms 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, 2019 Data © 2019 MLS of Hilton Head. All Rights Reserved. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Report © 2019 ShowingTime. | 1