May 2017 Monthly Indicators Hilton-Head_MMI | 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
May
8.0
6.9
6.2
2015 2016 2017
- 71.0% - 13.8% - 10.1%
Prior Year Percent Change
June 2016 7.0 7.4 -5.4%
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 6.4 7.0 -8.6%
May 2017 6.2 6.9 -10.1%
12-Month Avg* 6.6 6.8 -2.9%
* Months Supply for all properties from June 2016 through May 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 June 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