July 2018 Monthly Market Report July-Monthly-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
July
7.2
6.1
5.0
2016 2017 2018
+ 5.9% - 15.3% - 18.0%
Prior Year Percent Change
August 2017 5.9 6.9 -14.5%
September 2017 6.1 6.9 -11.6%
October 2017 5.9 6.7 -11.9%
November 2017 5.6 6.5 -13.8%
December 2017 5.2 6.3 -17.5%
January 2018 5.1 6.2 -17.7%
February 2018 5.4 6.3 -14.3%
March 2018 5.5 6.5 -15.4%
April 2018 5.4 6.6 -18.2%
May 2018 5.3 6.5 -18.5%
June 2018 5.4 6.3 -14.3%
July 2018 5.0 6.1 -18.0%
12-Month Avg* 5.5 6.5 -15.4%
* Months Supply for all properties from August 2017 through July 2018. 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
Current as of August 10, 2018. Data is Copyright © 2018 All Rights Reserved. MLS of Hilton Head Island. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Report © 2018 ShowingTime. | 12