November 2018 Monthly Market Indicators November-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.
November
Affordability Index
Year to Date
84
84
73
79
73
76
2016 2017 2018 2016 2017 2018
- 4.5% - 13.1% 0.0% - 5.6% - 6.0% - 3.8%
Prior Year Percent Change
December 2017 76 79 -3.8%
January 2018 72 79 -8.9%
February 2018 77 85 -9.4%
March 2018 79 80 -1.3%
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%
12-Month Avg 76 79 -4.4%
Historical Housing Affordability Index by Month
110
100
90
80
70
04-2014
04-2015
04-2016
04-2017
04-2018
Current as of December 10, 2018. Data is Copyright © 2018 All Rights Reserved. MLS of Hilton Head Island. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Report © 2018 ShowingTime. | 10