January 2020 Market Indicators January-Month-Market-Indicator | Page 12

Months Supply of Inventory
The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12
months.
Months Supply
January
5.4
5.1
4.3
2018 2019 2020
- 17.7% + 5.9% - 20.4%
Prior Year Percent Change
February 2019 5.4 5.4 0.0%
March 2019 5.7 5.5 +3.6%
April 2019 5.6 5.5 +1.8%
May 2019 5.5 5.4 +1.9%
June 2019 5.4 5.5 -1.8%
July 2019 5.2 5.2 0.0%
August 2019 5.1 5.4 -5.6%
September 2019 4.8 5.3 -9.4%
October 2019 4.9 5.5 -10.9%
November 2019 4.7 5.5 -14.5%
December 2019 4.4 5.4 -18.5%
January 2020 4.3 5.4 -20.4%
12-Month Avg* 5.1 5.4 -5.6%
* Months Supply for all properties from February 2019 through January 2020. This
is not the average of the individual figures above.
Historical Months Supply of Inventory by Month
50.0
40.0
30.0
20.0
10.0
0.0
04-2014
04-2015
04-2016
04-2017
04-2018
04-2019
Current as of February 10, 2020. Data is Copyright © 2020 All Rights Reserved. MLS of Hilton Head Island. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Report © 2020 ShowingTime. | 12