HHI Market Update | Page 2

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 Condos / Villas Only August Year to Date Key Metrics 2015 2016 Percent Change 2015 2016 Percent Change New Listings 23 15 - 34.8% 142 134 - 5.6% Closed Sales 11 14 + 27.3% 88 96 + 9.1% $345,000 $382,500 + 10.9% $345,000 $362,500 + 5.1% 94.6% 95.2% + 0.6% 93.9% 94.5% + 0.6% Days on Market Until Sale 174 196 + 12.8% 206 180 - 12.7% Inventory of Homes for Sale 90 96 + 6.7% -- -- -- 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 23 $345,000 15 $382,500 2016 96 90 14 11 - 34.8% + 27.3% New Listings Closed Sales Historical Median Sales Price + 10.9% Median Sales Price* + 6.7% Inventory of Homes for Sale Rolling 12-Month Calculation All MLS — 1: Sea Pines — $400,000 $300,000 $200,000 $100,000 $0 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.