October 2019 HSO October-Housing-Supply-Outlook
Housing Supply Overview
A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS®
October 2019
Quick Facts
Historically low mortgage rates will continue to support buyer demand as we
enter the seasonally slower time of year. Throughout much of the country,
the continued low level of housing inventory also continues to constrain sales
activity from where it would likely be in a balanced market. In short, current
trends are expected to continue. For the 12-month period spanning
November 2018 through October 2019, Pending Sales in the Hilton Head
region were up 7.1 percent overall. The price range with the largest gain in
sales was the $225,001 to $375,000 range, where they increased 14.2
percent.
The overall Median Sales Price was up 3.5 percent to $325,000. The property
type with the largest price gain was the Condos / Villas segment, where
prices increased 3.1 percent to $233,750. The price range that tended to sell
the quickest was the $100,001 to $225,000 range at 111 days; the price
range that tended to sell the slowest was the $650,001 and Above range at
191 days.
+ 14.2% + 13.8% + 6.6%
Price Range With the
Strongest Sales: Bedroom Count With
Strongest Sales: Property Type With
Strongest Sales:
$225,001 to $375,000 2 Bedrooms or Less 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
Market-wide, inventory levels were down 9.6 percent. The property type that
lost the least inventory was the Single Family segment, where it decreased
6.1 percent. That amounts to 4.9 months supply for Single-Family homes and
4.0 months supply for Condos.
Current as of November 10, 2019 Data © 2019 MLS of Hilton Head. All Rights Reserved. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Report © 2019 ShowingTime. | 1