April 2018 Housing Supply Overview April-Housing-Supply-Overview

Housing Supply Overview
A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS®
April 2018
Quick Facts
Although housing supply is low and will likely remain low for the duration of
2018, there are signs of improvement for new listings. Sellers are beginning
to come out of hibernation while new build projects are taking shape with
more regularity. For the 12-month period spanning May 2017 through April
2018, Pending Sales in the Hilton Head region were up 15.8 percent overall.
The price range with the largest gain in sales was the $375,001 to $650,000
range, where they increased 23.4 percent.
The overall Median Sales Price was up 3.4 percent to $305,000. The property
type with the largest price gain was the Condos / Villas segment, where
prices increased 14.0 percent to $227,500. The price range that tended to
sell the quickest was the $100,001 to $225,000 range at 114 days; the price
range that tended to sell the slowest was the $650,001 and Above range at
208 days.
Market-wide, inventory levels were down 7.6 percent. The property type that
lost the least inventory was the Single Family segment, where it decreased
7.5 percent. That amounts to 5.4 months supply for Single-Family homes and
4.7 months supply for Condos.
+ 23.4% + 19.4% + 15.9%
Price Range With the
Strongest Sales: Bedroom Count With
Strongest Sales: Property Type With
Strongest Sales:
$375,001 to $650,000 4 Bedrooms or More 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 May 10, 2018 Data © 2018 MLS of Hilton Head. All Rights Reserved. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Report © 2018 ShowingTime. | 1