November 2018 Housing Supply Overview November-Housing-Supply-Overview
Housing Supply Overview
A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS®
November 2018
Home prices have continued to increase, but price drops are becoming
more of a reality as affordability concerns are keeping showings down and
some nervous buyers at bay. Meanwhile, year-over-year inventory levels are
edging closer to even in several markets across the U.S.
For the 12-month period spanning December 2017 through November
2018, Pending Sales in the Hilton Head region were up 11.1 percent overall.
The price range with the largest gain in sales was the $650,001 and Above
range, where they increased 18.4 percent.
The overall Median Sales Price was up 4.5 percent to $313,558. The property
type with the largest price gain was the Condos / Villas segment, where
prices increased 4.7 percent to $225,000. The price range that tended to sell
the quickest was the $100,001 to $225,000 range at 108 days; the price
range that tended to sell the slowest was the $650,001 and Above range at
193 days.
Market-wide, inventory levels were up 4.6 percent. The property type that
gained the most inventory was the Condos segment, where it increased 12.0
percent. That amounts to 5.3 months supply for Single-Family homes and 5.0
months supply for Condos.
Quick Facts
+ 18.4% + 14.4% + 13.7%
Price Range With the
Strongest Sales: Bedroom Count With
Strongest Sales: Property Type With
Strongest Sales:
$650,001 and Above 4 Bedrooms or More Single-Family
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, 2018 Data © 2018 MLS of Hilton Head. All Rights Reserved. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Report © 2018 ShowingTime. | 1