September 2019 Monthly Indicators Monthly-Market-Indicator | 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.
Months Supply
September
6.1
5.3
4.6
2017 2018 2019
- 11.6% - 13.1% - 13.2%
Prior Year Percent Change
-6.8%
October 2018 5.5 5.9 November 2018 5.5 5.6 -1.8%
December 2018 5.4 5.3 +1.9%
January 2019 5.4 5.1 +5.9%
February 2019 5.4 5.4 0.0%
March 2019 5.7 5.5 +3.6%
April 2019 5.6 5.5 +1.8%
May 2019 5.5 5.4 +1.9%
June 2019 5.4 5.5 -1.8%
July 2019 5.1 5.2 -1.9%
August 2019 5.0 5.4 -7.4%
September 2019 4.6 5.3 -13.2%
12-Month Avg* 5.3 5.4 -1.9%
* Months Supply for all properties from October 2018 through September 2019.
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
04-2018
04-2019
Current as of October 10, 2019. Data is Copyright © 2019 All Rights Reserved. MLS of Hilton Head Island. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Report © 2019 ShowingTime. | 12