March 2020 HSO March-Housing-Supply-Overview
Housing Supply Overview
A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS®
March 2020
Quick Facts
March stock market declines and volatility across all the financial markets,
massive layoffs, lenders tightening underwriting standards, and social
distancing efforts will all combine to put some buyers and sellers on the
sidelines for now. As the spread and effect of COVID-19 accelerated during
the month, we will need to wait until next month to see the total impact to
buyer and seller activity. For the 12-month period spanning April 2019
through March 2020, Pending Sales in the Hilton Head region were up 7.3
percent overall. The price range with the largest gain in sales was the
$225,001 to $375,000 range, where they increased 16.8 percent.
The overall Median Sales Price was up 3.6 percent to $326,250. The property
type with the largest price gain was the Condos / Villas segment, where
prices increased 6.3 percent to $240,000. The price range that tended to sell
the quickest was the $100,001 to $225,000 range at 107 days; the price
range that tended to sell the slowest was the $650,001 and Above range at
195 days.
+ 16.8% + 17.0% + 8.9%
Price Range With the
Strongest Sales: Bedroom Count With
Strongest Sales: Property Type With
Strongest Sales:
$225,001 to $375,000 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
Market-wide, inventory levels were down 12.5 percent. The property type
that lost the least inventory was the Single Family segment, where it
decreased 10.8 percent. That amounts to 4.7 months supply for Single-
Family homes and 4.4 months supply for Condos.
Current as of April 10, 2020 Data © 2020 MLS of Hilton Head. All Rights Reserved. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Report © 2020 ShowingTime. | 1