June-Housing-Supply-Overview

Housing Supply Overview
A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS®
June 2020
Nationally, June showing activity as tracked by ShowingTime was up notably
from the COVID-19 depressed levels in recent months but was also up from
June 2019, reflecting pent-up demand by prospective home buyers. While
buyer activity continues to be robust, seller activity continues to be a bit
softer, with fewer homes being listed for sale than a year ago. Until sellers
regain confidence, housing inventory will continue to be constrained during
what is expected to be an active summer selling season. For the 12-month
period spanning July 2019 through June 2020, Pending Sales in the Hilton
Head region were up 7.8 percent overall. The price range with the largest
gain in sales was the $650,001 and Above range, where they increased 41.6
percent.
The overall Median Sales Price was up 4.0 percent to $331,825. The property
type with the largest price gain was the Condos / Villas segment, where
prices increased 8.9 percent to $245,000. The price range that tended to sell
the quickest was the $100,001 to $225,000 range at 108 days; the price
range that tended to sell the slowest was the $650,001 and Above range at
195 days.
Quick Facts
+ 41.6% + 24.5
Price Range With the
Strongest Sales:
Bedroom Co
Strongest S
$650,001 and Above 4 Bedrooms
Pending Sales
Days on Market Until Sale
Median Sales Price
Percent of List Price Receiv
Inventory of Homes for Sale
Months Supply of Inventory
Market-wide, inventory levels were down 25.1 percent. The property type
that lost the least inventory was the Single Family segment, where it
decreased 22.8 percent. That amounts to 3.9 months supply for Single-
Family homes and 3.3 months supply for Condos.
Current as of July 10, 2020 Data © 2020 MLS of Hilton Head. All Rights Reserved. Provided by the Hilton Head Area Association of REALTORS® and South Ca