May 2018 Monthly Market Indicators May-Monthly-Market-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 .
May Year to Date
85 79
87 72
80 75
2016 2017 2018
2016 2017 2018
- 5.6 % - 7.1 % - 8.9 % - 8.4 % - 8.0 % -6.3 %
Affordability Index June 2017 July 2017 August 2017 September 2017 October 2017 November 2017 December 2017 January 2018 February 2018 March 2018 April 2018 May 2018 12-Month Avg
Historical Housing Affordability Index by Month
110
100
90
80
70
04-2014
04-2015
04-2016
04-2017
Current as of June 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 Caro
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