October 2017 Monthly Indicators Hilton-Head_MMI_2017-10 | 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.
October
Months Supply
6.9
6.7
5.6
2015 2016 2017
- 44.8% - 2.9% - 16.4%
Prior Year Percent Change
November 2016 6.5 6.6 -1.5%
December 2016 6.3 6.2 +1.6%
January 2017 6.2 6.5 -4.6%
February 2017 6.3 6.7 -6.0%
March 2017 6.5 7.0 -7.1%
April 2017 6.5 7.0 -7.1%
May 2017 6.4 6.9 -7.2%
June 2017 6.3 7.0 -10.0%
July 2017 6.0 7.2 -16.7%
August 2017 5.8 6.9 -15.9%
September 2017 6.0 6.9 -13.0%
October 2017 5.6 6.7 -16.4%
12-Month Avg* 6.2 6.8 -8.8%
* Months Supply for all properties from November 2016 through October 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 November 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