April 2018 Market Indicators April-Housing-Market-Indicator | Page 10

Housing Affordability Index
This index measures housing affordability for the region. For example, an index of 120 means the median household income is
120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater
affordability.
April
Affordability Index
Year to Date
87
87
77
75
80
76
2016 2017 2018 2016 2017 2018
- 3.3% - 11.5% - 2.6% - 9.4% - 8.0% - 5.0%
Prior Year Percent Change
May 2017 79 85 -7.1%
June 2017 79 86 -8.1%
July 2017 82 90 -8.9%
August 2017 80 87 -8.0%
September 2017 80 88 -9.1%
October 2017 75 85 -11.8%
November 2017 73 84 -13.1%
December 2017 76 79 -3.8%
January 2018 72 79 -8.9%
February 2018 77 85 -9.4%
March 2018 79 80 -1.3%
April 2018 75 77 -2.6%
12-Month Avg 77 84 -7.8%
Historical Housing Affordability Index by Month
110
100
90
80
70
04-2014
04-2015
04-2016
04-2017
04-2018
Current as of May 10, 2018. Data is Copyright © 2018 All Rights Reserved. MLS of Hilton Head Island. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Report © 2018 ShowingTime. | 10