November 2017 Housing Supply Overview Hilton-Head_HSO_2017-11

Housing Supply Overview
A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS®
November 2017
The primary housing storyline for the past two years remains the same.
Demand is high, supply is low and interest rates have been steady. There are
a few signs that indicate an increase in the number of homes for sale in 2018.
For now, inventory remains low in most submarkets. For the 12-month period
spanning December 2016 through November 2017, Pending Sales in the
Hilton Head region were up 12.6 percent overall. The price range with the
largest gain in sales was the $375,001 to $650,000 range, where they
increased 22.0 percent.
The overall Median Sales Price was up 2.4 percent to $299,950. The property
type with the largest price gain was the Condos / Villas segment, where
prices increased 3.4 percent to $215,000. 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
209 days.
Market-wide, inventory levels were down 6.5 percent. The property type that
lost the least inventory was the Single Family segment, where it decreased
3.8 percent. That amounts to 5.7 months supply for Single-Family homes and
4.5 months supply for Condos.
Quick Facts
+ 22.0% + 14.5% + 33.8%
Price Range With the
Strongest Sales: Bedroom Count With
Strongest Sales: Property Type With
Strongest Sales:
$375,001 to $650,000 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 December 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