HHI Market Update
Local Market Update – August 2016
A Research Tool Provided by the Multiple Listing Service of
Hilton Head Island and the Hilton Head Area Association of REALTORS®
1: Sea Pines
Detached Homes Only
August
Year to Date
Key Metrics
2015
2016
Percent Change
2015
2016
Percent Change
New Listings
16
29
+ 81.3%
208
251
+ 20.7%
Closed Sales
24
12
- 50.0%
135
131
- 3.0%
$607,500
$576,250
- 5.1%
$604,000
$595,000
- 1.5%
93.6%
96.2%
+ 2.7%
94.1%
94.7%
+ 0.7%
Days on Market Until Sale
202
136
- 32.8%
196
154
- 21.3%
Inventory of Homes for Sale
153
161
+ 5.2%
--
--
--
Median Sales Price*
Percent of List Price Received*
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
August
2015
$607,500
29
$576,250
2016
161
153
24
16
12
+ 81.3%
- 50.0%
New Listings
Closed Sales
Historical Median Sales Price
- 5.1%
Median Sales Price*
+ 5.2%
Inventory of Homes for Sale
Rolling 12-Month Calculation
All MLS —
1: Sea Pines —
$800,000
$700,000
$600,000
$500,000
$400,000
$300,000
$200,000
4-2014
4-2015
4-2016
Current as of September 10, 2016. Data © 2016 MLS of Hilton Head Island. All Rights Reserved. | Sponsored by South Carolina REALTORS®. | Report © 2016 ShowingTime.