January 2019 Monthly Indicators January-Monthly-Market-Indicator | Page 10

Housing Affordability Index This index measures housing affordability for the region. For example, an index of 120 means the median household income is 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability. January 79 Affordability Index Year to Date 79 72 72 72 72 2017 2018 2019 2017 2018 2019 - 2.5% - 8.9% 0.0% - 2.5% - 8.9% 0.0% Prior Year Percent Change February 2018 77 85 -9.4% March 2018 79 80 -1.3% April 2018 76 77 -1.3% May 2018 74 79 -6.3% June 2018 77 79 -2.5% July 2018 80 82 -2.4% August 2018 75 80 -6.3% September 2018 76 80 -5.0% October 2018 71 75 -5.3% November 2018 73 73 0.0% December 2018 72 76 -5.3% January 2019 72 72 0.0% 12-Month Avg 75 78 -3.8% Historical Housing Affordability Index by Month 110 100 90 80 70 04-2014 04-2015 04-2016 04-2017 04-2018 Current as of February 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. | 10