June 2019 Housing Supply Overview June-Housing-Supply-Overview
Housing Supply Overview
A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS®
June 2019
Quick Facts
After several years of declining inventory and supply, more and more housing
markets are beginning to find their way toward a state of balance in terms of
available listings. There is still work to be done, but the situation is not as dire
as it once was. For the 12-month period spanning July 2018 through June
2019, Pending Sales in the Hilton Head region were up 6.2 percent overall.
The price range with the largest gain in sales was the $375,001 to $650,000
range, where they increased 15.1 percent.
The overall Median Sales Price was up 3.1 percent to $318,500. The property
type with the largest price gain was the Single-Family Homes segment,
where prices increased 2.6 percent to $349,000. The price range that tended
to sell the quickest was the $100,000 and Below range at 105 days; the price
range that tended to sell the slowest was the $650,001 and Above range at
183 days.
Market-wide, inventory levels remained flat. The property type that gained the
most inventory was the Condos segment, where it increased 3.3 percent.
That amounts to 5.2 months supply for Single-Family homes and 4.9 months
supply for Condos.
+ 15.1% + 7.4% + 7.9%
Price Range With the
Strongest Sales: Bedroom Count With
Strongest Sales: Property Type With
Strongest Sales:
$375,001 to $650,000 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 July 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