HHI Market Update - Page 3

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® 18: Colleton River August Year to Date Key Metrics 2015 2016 Percent Change 2015 2016 Percent Change New Listings 0 1 -- 34 32 - 5.9% Closed Sales 2 1 - 50.0% 18 19 + 5.6% $492,000 $975,000 + 98.2% $559,450 $835,000 + 49.3% 92.2% 100.0% + 8.4% 93.3% 94.9% + 1.7% Days on Market Until Sale 89 103 + 15.7% 202 270 + 33.7% Inventory of Homes for Sale 28 26 - 7.1% -- -- -- 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 28 26 $975,000 2 1 2016 $492,000 1 0 -- - 50.0% New Listings Closed Sales Historical Median Sales Price + 98.2% Median Sales Price* Rolling 12-Month Calculation - 7.1% Inventory of Homes for Sale All MLS — 18: Colleton River — $900,000 $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.