HHI Market Update - Page 9

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® 24: Oldfield August Year to Date Key Metrics 2015 2016 Percent Change 2015 2016 Percent Change New Listings 1 4 + 300.0% 26 26 0.0% Closed Sales 2 1 - 50.0% 17 12 - 29.4% $591,250 $680,000 + 15.0% $655,000 $680,000 + 3.8% 93.1% 97.3% + 4.5% 96.4% 94.4% - 2.1% Days on Market Until Sale 119 40 - 66.4% 177 173 - 2.3% Inventory of Homes for Sale 17 17 0.0% -- -- -- 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 17 4 2016 17 $680,000 $591,250 2 1 1 + 300.0% - 50.0% New Listings Closed Sales Historical Median Sales Price + 15.0% Median Sales Price* 0.0% Inventory of Homes for Sale Rolling 12-Month Calculation All MLS — 24: Oldfield — $800,000 $600,000 $400,000 $200,000 $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.