September 2017 Housing Supply Overview Hilton-Head_HSO_2017-09

Housing Supply Overview
A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS®
September 2017
Low housing supply is both a month-over-month and now multiple year-
over-year happening. Lawrence Yun, Chief Economist for the National
Association of REALTORS®, has gone as far as saying that the national
housing market is essentially stalled. For the 12-month period spanning
October 2016 through September 2017, Pending Sales in the Hilton Head
region were up 4.5 percent overall. The price range with the largest gain in
sales was the $225,001 to $375,000 range, where they increased 8.9
percent.
The overall Median Sales Price was up 2.1 percent to $296,000. The property
type with the largest price gain was the Condos / Villas segment, where
prices increased 3.6 percent to $213,000. The price range that tended to sell
the quickest was the $100,001 to $225,000 range at 120 days; the price
range that tended to sell the slowest was the $650,001 and Above range at
205 days.
Market-wide, inventory levels were down 12.9 percent. The property type
that lost the least inventory was the Single Family segment, where it
decreased 9.0 percent. That amounts to 6.0 months supply for Single-Family
homes and 4.9 months supply for Condos.
Quick Facts
+ 8.9% + 7.9% + 3.2%
Price Range With the
Strongest Sales: Bedroom Count With
Strongest Sales: Property Type With
Strongest Sales:
$225,001 to $375,000 2 Bedrooms or Less Single-Family
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 October 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. | 1