July 2016 Housing Supply Overview

Housing Supply Overview
A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS®

July 2016

Quick Facts

Even as sales activity slows due mostly to a lack of inventory, prices continue
to rise in several submarkets and days on market continues to drop. For the
12-month period spanning August 2015 through July 2016, Pending Sales in
the Hilton Head region were up 7.3 percent overall. The price range with the
largest gain in sales was the $225,001 to $375,000 range, where they
increased 20.0 percent.
The overall Median Sales Price was up 7.9 percent to $289,900. The property
type with the largest price gain was the Single-Family Homes segment,
where prices increased 7.5 percent to $315,000. The price range that tended
to sell the quickest was the $100,000 and Below range at 117 days; the price
range that tended to sell the slowest was the $650,001 and Above range at
201 days.
Market-wide, inventory levels were up 8.4 percent. The property type that
gained the most inventory was the Single Family segment, where it increased
10.9 percent. That amounts to 6.7 months supply for Single-Family homes
and 7.3 months supply for Condos.

+ 20.0%

+ 13.2%

+ 9.2%

Price Range With the
Strongest Sales:

Bedroom Count With
Strongest Sales:

Property Type With
Strongest Sales:

$225,001 to $375,000

2 Bedrooms or Less

Single-Family

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 August 10, 2016 Data is Copyright © 2015 All Rights Reserved. MLS of Hilton Head Island. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Report © 2016 ShowingTime. | 1