Monthly Market Indicators May 2022 | Page 2

Market Overview

Key market metrics for the current month and year-to-date figures .
Key Metrics Historical Sparkbars
05-2021 05-2022 Percent Change Y
New Listings 691 736 + 6.5 %
5-2020 5-2021 5-2022
Pending Sales 625 594 - 5.0 %
5-2020 5-2021 5-2022
Closed Sales 683 538 - 21.2 %
5-2020 5-2021 5-2022
Days on Market 97 90 - 7.2 %
5-2020 5-2021 5-2022
Median Sales Price $ 410,000 $ 495,000 + 20.7 %
5-2020 5-2021 5-2022
Average Sales Price $ 597,280 $ 733,730 + 22.8 %
5-2020 5-2021 5-2022
Pct . of List Price Received 99.6 % 101.3 % + 1.7 %
5-2020 5-2021 5-2022
Housing Affordability Index 58 48 - 17.2 %
5-2020 5-2021 5-2022
Inventory of Homes for Sale 661 723 + 9.4 %
5-2020 5-2021 5-2022
Months Supply of Inventory 0.9 1.3 + 44.4 %
5-2020 5-2021 5-2022
Current as of June 10 , 2022 . Data is Copyright © 2022 All Rights Reserved . MLS of Hilton Head Island . Provided by the Hilton Head Area Association of REALTORS ® and South Ca