September 2019 Monthly Housing Supply Monthly-Housing-Supply-Outlook

Housing Supply Overview A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS® September 2019 As we move into the final months of 2019, buyers will find fewer homes coming on the market, but also less competition for those homes. The real estate market this fall is looking healthy. With a strong economy and great mortgage rates, there is a lot to remain optimistic about. For the 12-month period spanning October 2018 through September 2019, Pending Sales in the Hilton Head region were up 6.0 percent overall. The price range with the largest gain in sales was the $375,001 to $650,000 range, where they increased 12.8 percent. The overall Median Sales Price was up 3.2 percent to $322,000. The property type with the largest price gain was the Condos / Villas segment, where prices increased 3.1 percent to $233,250. The price range that tended to sell the quickest was the $100,001 to $225,000 range at 110 days; the price range that tended to sell the slowest was the $650,001 and Above range at 188 days. Market-wide, inventory levels were down 8.6 percent. The property type that lost the least inventory was the Single Family segment, where it decreased 7.3 percent. That amounts to 4.7 months supply for Single-Family homes and 4.2 months supply for Condos. Quick Facts + 12.8% + 9.6% + 6.1% Price Range With the Strongest Sales: Bedroom Count With Strongest Sales: Property Type With Strongest Sales: $375,001 to $650,000 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, 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