HSO October 2015
Housing Supply Overview
A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS®
December 2015
Time will tell if the recent Federal Reserve rate increase adversely affects
housing markets. Since the increase was widely anticipated in a muchimproved economy, overly negative reactions are not anticipated in 2016.
Rates are still very attractive. For the 12-month period spanning January
2015 through December 2015, Pending Sales in the Hilton Head region
were up 19.2 percent overall. The price range with the largest gain in sales
was the $225,001 to $375,000 range, where they increased 32.1 percent.
The overall Median Sales Price was up 7.3 percent to $276,900. The
property type with the largest price gain was the Single-Family Homes
segment, where prices increased 8.9 percent to $305,000. The price
range that tended to sell the quickest was the $100,001 to $225,000 range
at 89 days; the price range that tended to sell the slowest was the
$650,001 and Above range at 160 days.
Market-wide, inventory levels were down 7.2 percent. The property type
that lost the least inventory was the Single Family segment, where it
decreased 6.2 percent. That amounts to 5.8 months supply for SingleFamily homes and 6.8 months supply for Condos.
Quick Facts
+ 32.1%
+ 23.0%
+ 18.4%
Price Range With the
Strongest Sales:
Bedroom Count With
Strongest Sales:
Property Type With
Strongest Sales:
$225,001 to $375,000
3 Bedrooms
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 January 10, 2016 Data is Copyright © 2015 All Rights Reserved. MLS of Hilton Head Island. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Powered by 10K Research and Marketing. | 1