February 2019 Monthly Market Indicators February-Monthly-Market-Indicator

Monthly Indicators
February 2019
It is worthwhile to mention the weather when discussing residential real estate for
large portions of the U.S. for February 2019, because this month has turned in some
impressively cold, rainy and snowy days that have stalled some buying and selling
actions. Nevertheless, housing markets have proven to be resilient despite
predictions of a tougher year for the industry. It is still too early to say how the entire
year will play out, but economic fundamentals remain positive.
New Listings were up 2.3 percent to 665. Pending Sales increased 26.2 percent to
515. Inventory grew 5.5 percent to 2,298 units.
Prices were still soft as Median Sales Price was down 2.3 percent to $299,150. Days
on Market decreased 8.3 percent to 132 days. Months Supply of Inventory was
down 5.6 percent to 5.1 months, the twelfth consecutive month of year-over-year
declines.
The National Association of REALTORS® recently reported that national existing-
home sales were down slightly during January 2019 and that pending sales were up
in year-over-year comparisons. It is worth noting that some softening of sales was
anticipated, as was a positive sales bounce during January 2019 after a slow end to
2018. Weather-related events have hampered some of the necessary machinations
of making home sales during February 2019, yet buyers have shown determination
toward achieving their homeownership goals.
Quick Facts
- 0.7% - 2.3% - 5.6%
One-Year Change in
Closed Sales One-Year Change in
Median Sales Price One-Year Change in
Months Supply
A research tool provided by the Hilton Head Association of REALTORS®.
Percent changes are calculated using rounded figures.
Market Overview
New Listings
Pending Sales
Closed Sales
Days on Market Until Sale
Median Sales Price
Average Sales Price
Percent of List Price Received
Housing Affordability Index
Inventory of Homes for Sale
Months Supply of Inventory
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Current as of March 10, 2019. Data is Copyright © 2019 All Rights Reserved. MLS of Hilton Head Island. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Report © 2019 ShowingTime. | 1