January 2019 Housing Supply Overview January-Housing-Supply-Overview

Housing Supply Overview
A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS®
January 2019
Quick Facts
Inventory is gradually starting to improve in many pockets across the
country, including in several markets that are showing year-over-year
percentage increases. Listings tend to improve immediately after a new year,
but this national increase also has to do with fewer sales. For the 12-month
period spanning February 2018 through January 2019, Pending Sales in the
Hilton Head region were up 9.6 percent overall. The price range with the
largest gain in sales was the $225,001 to $375,000 range, where they
increased 16.9 percent.
The overall Median Sales Price was up 3.8 percent to $314,000. The property
type with the largest price gain was the Condos / Villas segment, where
prices increased 4.7 percent to $225,000. 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
187 days.
Market-wide, inventory levels were up 10.0 percent. The property type that
gained the most inventory was the Condos segment, where it increased 31.9
percent. That amounts to 5.1 months supply for Single-Family homes and 5.4
months supply for Condos.
+ 16.9% + 13.4% + 31.7%
Price Range With the
Strongest Sales: Bedroom Count With
Strongest Sales: Property Type With
Strongest Sales:
$225,001 to $375,000 4 Bedrooms or More 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 February 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