August 2017 Housing Supply Report Hilton-Head_HSO_2017-08

Housing Supply Overview
A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS®
August 2017
Although new construction has yet to come to the rescue of low inventory,
there are signs that demand for construction materials is high and that
previous measurements of low construction activity have been weighed
down by the public sector not private, residential building. For the 12-month
period spanning September 2016 through August 2017, Pending Sales in the
Hilton Head region were up 6.6 percent overall. The price range with the
largest gain in sales was the $375,001 to $650,000 range, where they
increased 13.1 percent.
The overall Median Sales Price was up 1.7 percent to $295,000. The property
type with the largest price gain was the Condos / Villas segment, where
prices increased 2.4 percent to $210,000. 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 14.5 percent. The property type
that lost the least inventory was the Single Family segment, where it
decreased 9.3 percent. That amounts to 5.8 months supply for Single-Family
homes and 4.8 months supply for Condos.
Quick Facts
+ 13.1% + 9.3% + 16.1%
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 Condos
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 September 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