June-Monthly-Market-Indicator

Monthly Indicators
June 2020
While much of the country was working on a phased reopening of the economy in
June, real estate activity continued to strengthen as well. 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.
New Listings were up 21.0 percent to 710. Pending Sales increased 80.6 percent to
903. Inventory shrank 25.1 percent to 1,805 units.
Prices moved higher as Median Sales Price was up 8.3 percent to $357,465. Days
on Market increased 9.7 percent to 147 days. Months Supply of Inventory was down
29.6 percent to 3.8 months, indicating that demand increased relative to supply.
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. Many housing experts
believe sellers remain reluctant to list their homes due to continued concerns over
COVID-19, which was beginning to see a resurgence in June. Until sellers regain
confidence, housing inventory will continue to be constrained during what is
expected to be an active summer selling season.
Quick Facts
+ 7.3% + 8.3
One-Year Change in
Closed Sales
One-Year Cha
Median Sales
A research tool provided by the Hilton Hea
Percent changes are calculated using roun
Market Overview
New Listings
Pending Sales
Closed Sales
Days on Market Until Sale
Median Sales Price
Average Sales Price
Percent of List Price Received
Housing Affordability Index
Inventory of Homes for Sale
Months Supply of Inventory
Current as of July 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 Ca