June 2017 Monthly Indicators Hilton-Head_MMI_2017-06 | 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 June 7.4 7.0 6.0 2015 2016 2017 - 63.2% - 5.4% - 14.3% Prior Year Percent Change July 2016 7.2 6.8 +5.9% August 2016 6.9 6.7 +3.0% September 2016 6.9 6.8 +1.5% October 2016 6.6 6.9 -4.3% November 2016 6.4 6.6 -3.0% December 2016 6.3 6.2 +1.6% January 2017 6.2 6.5 -4.6% February 2017 6.2 6.7 -7.5% March 2017 6.4 7.0 -8.6% April 2017 6.5 7.0 -7.1% May 2017 6.3 6.9 -8.7% June 2017 6.0 7.0 -14.3% 12-Month Avg* 6.5 6.8 -4.4% * Months Supply for all properties from July 2016 through June 2017. 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 Current as of July 10, 2017. Data is Copyright © 2017 All Rights Reserved. MLS of Hilton Head Island. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Report © 2017 ShowingTime. | 12