March 2019 Monthly Market Indicators March-Monthly-Market-Indicator | Page 10

Housing Affordability Index
This index measures housing affordability for the region. For example, an index of 120 means the median household income is
120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater
affordability.
March
80
Affordability Index
Year to Date
82
79
76
73
74
2017 2018 2019 2017 2018 2019
- 12.1% - 1.3% - 7.6% - 4.7% - 7.3% - 2.6%
Prior Year Percent Change
April 2018 76 77 -1.3%
May 2018 74 79 -6.3%
June 2018 77 79 -2.5%
July 2018 80 82 -2.4%
August 2018 75 80 -6.3%
September 2018 76 80 -5.0%
October 2018 71 75 -5.3%
November 2018 73 73 0.0%
December 2018 72 76 -5.3%
January 2019 72 72 0.0%
February 2019 79 77 +2.6%
March 2019 73 79 -7.6%
12-Month Avg 75 77 -3.3%
Historical Housing Affordability Index by Month
110
100
90
80
70
04-2014
04-2015
04-2016
04-2017
04-2018
Current as of April 10, 2019. Data is Copyright © 2019 All Rights Reserved. MLS of Hilton Head Island. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Report © 2019 ShowingTime. | 10