July-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.
July
Year to Date
76
80
73
69
72
66
2018 2019 2020
2018 2019 2020
- 2.4% - 10.0% - 8.3% - 5.0% - 3.9%
-5.5%
Affordability Index
August 2019
September 2019
October 2019
November 2019
December 2019
January 2020
February 2020
March 2020
April 2020
May 2020
June 2020
July 2020
12-Month Avg
Historical Housing Affordability Index by Month
110
100
90
80
70
60
04-2014 04-2015 04-2016 04-2017 04-2018 04-201
Current as of August 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 Caro