May 2019 Housing Supply Overview May-Housing-Supply-Outlook

Housing Supply Overview A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS® May 2019 Quick Facts In general, there are still fewer homes for sale at the lower end of the price spectrum, which has unsurprisingly translated into fewer sales at that end of the market. Meanwhile, inventory is rising along with sales in the upper price tiers. For the 12-month period spanning June 2018 through May 2019, Pending Sales in the Hilton Head region were up 4.7 percent overall. The price range with the largest gain in sales was the $375,001 to $650,000 range, where they increased 14.3 percent. The overall Median Sales Price was up 2.7 percent to $316,625. The property type with the largest price gain was the Single-Family Homes segment, where prices increased 1.5 percent to $345,000. The price range that tended to sell the quickest was the $100,000 and Below range at 105 days; the price range that tended to sell the slowest was the $650,001 and Above range at 184 days. Market-wide, inventory levels were up 3.4 percent. The property type that gained the most inventory was the Condos segment, where it increased 10.6 percent. That amounts to 5.4 months supply for Single-Family homes and 5.1 months supply for Condos. + 14.3% + 7.5% + 8.5% Price Range With the Strongest Sales: Bedroom Count With Strongest Sales: Property Type With Strongest Sales: $375,001 to $650,000 3 Bedrooms Condos Pending Sales Days on Market Until Sale Median Sales Price Percent of List Price Received Inventory of Homes for Sale Months Supply of Inventory 2 3 4 5 6 7 Current as of June 10, 2019 Data © 2019 MLS of Hilton Head. All Rights Reserved. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Report © 2019 ShowingTime. | 1