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