July 2019 Monthly Market Indicators July-Montlhy-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.
July
Affordability Index
Year to Date
82
80
80
72
76
74
2017 2018 2019 2017 2018 2019
- 8.9% - 2.4% - 10.0% - 9.1% - 5.0% - 2.6%
Prior Year Percent Change
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 73 72 +1.4%
February 2019 79 77 +2.6%
March 2019 73 79 -7.6%
April 2019 75 76 -1.3%
May 2019 74 74 0.0%
June 2019 73 77 -5.2%
July 2019 72 80 -10.0%
12-Month Avg 74 77 -3.6%
Historical Housing Affordability Index by Month
110
100
90
80
70
04-2014
04-2015
04-2016
04-2017
04-2018
04-2019
Current as of August 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