March 2018 Monthly Indicators March-Monthly-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.
March
Affordability Index
Year to Date
91
80
86
78
82
76
2016 2017 2018 2016 2017 2018
- 8.1% - 12.1% - 2.5% - 11.3% - 4.7% - 7.3%
Prior Year Percent Change
April 2017 77 87 -11.5%
May 2017 79 85 -7.1%
June 2017 79 86 -8.1%
July 2017 82 90 -8.9%
August 2017 80 87 -8.0%
September 2017 80 88 -9.1%
October 2017 74 85 -12.9%
November 2017 73 84 -13.1%
December 2017 76 79 -3.8%
January 2018 72 79 -8.9%
February 2018 77 85 -9.4%
March 2018 78 80 -2.5%
12-Month Avg 77 85 -8.7%
Historical Housing Affordability Index by Month
110
100
90
80
70
04-2014
04-2015
04-2016
04-2017
Current as of April 10, 2018. Data is Copyright © 2018 All Rights Reserved. MLS of Hilton Head Island. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Report © 2018 ShowingTime. | 10