HHI Market Update - Page 8

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® 23: Sun City / Riverbend August Year to Date Key Metrics 2015 2016 Percent Change 2015 2016 Percent Change New Listings 46 54 + 17.4% 371 547 + 47.4% Closed Sales 45 51 + 13.3% 300 381 + 27.0% $292,000 $260,000 - 11.0% $245,450 $270,000 + 10.0% 97.6% 97.9% + 0.4% 97.4% 97.9% + 0.5% Days on Market Until Sale 98 94 - 4.3% 97 92 - 5.4% Inventory of Homes for Sale 88 143 + 62.5% -- -- -- 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 54 51 46 143 $292,000 45 2016 $260,000 88 + 17.4% + 13.3% New Listings Closed Sales Historical Median Sales Price - 11.0% Median Sales Price* Rolling 12-Month Calculation + 62.5% Inventory of Homes for Sale All MLS — 23: Sun City / Riverbend — $300,000 $280,000 $ (((((д((д((д() ɕЁ́MѕȀظф ؁51L!ѽ!%ͱÍI͕ٕMͽɕMѠ ɽI1Q=IO IЃ ؁MݥQ((0