HHI Market Update - Page 5

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® 20: Rose Hill August Year to Date Key Metrics 2015 2016 Percent Change 2015 2016 Percent Change New Listings 8 11 + 37.5% 64 84 + 31.3% Closed Sales 7 6 - 14.3% 38 50 + 31.6% $305,000 $400,950 + 31.5% $316,226 $343,500 + 8.6% 93.8% 96.1% + 2.4% 95.9% 96.1% + 0.2% Days on Market Until Sale 164 143 - 13.2% 151 143 - 5.1% Inventory of Homes for Sale 32 40 + 25.0% -- -- -- 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 11 $400,950 8 $305,000 7 40 32 6 + 37.5% - 14.3% New Listings Closed Sales Historical Median Sales Price 2016 + 31.5% Median Sales Price* + 25.0% Inventory of Homes for Sale Rolling 12-Month Calculation All MLS — 20: Rose Hill — $350,000 $300,000 $250,000 $200,000 $150,000 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.