July 2017 Housing Supply Report Hilton-Head_HSO_2017-07

Housing Supply Overview
A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS®
July 2017
Quick Facts
Local news outlets across the nation have been delving into the cause for
lower sales totals in their markets during a period of economic growth, and it
generally boils down to a lack of housing supply, especially in certain price
ranges, to meet buyer demand. For the 12-month period spanning August
2016 through July 2017, Pending Sales in the Hilton Head region were up 8.1
percent overall. The price range with the largest gain in sales was the
$650,001 and Above range, where they increased 17.2 percent.
The overall Median Sales Price was up 2.1 percent to $295,000. The property
type with the largest price gain was the Single-Family Homes segment,
where prices increased 3.9 percent to $327,340. The price range that tended
to sell the quickest was the $100,001 to $225,000 range at 120 days; the
price range that tended to sell the slowest was the $650,001 and Above
range at 201 days.
Market-wide, inventory levels were down 12.0 percent. The property type
that lost the least inventory was the Single Family segment, where it
decreased 8.1 percent. That amounts to 6.0 months supply for Single-Family
homes and 5.2 months supply for Condos.
+ 17.2% + 13.3% + 26.6%
Price Range With the
Strongest Sales: Bedroom Count With
Strongest Sales: Property Type With
Strongest Sales:
$650,001 and Above 4 Bedrooms or More Condos
Pending Sales
Days on Market Until Sale
Median Sales Price
Percent of List Price Received
Inventory of Homes for Sale
Months Supply of Inventory
2
3
4
5
6
7
Current as of August 10, 2017 Data is Copyright © 2017 All Rights Reserved. MLS of Hilton Head Island. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Report © 2017 ShowingTime. | 1