February 2020 HSO February-Housing-Supply-Overview
Housing Supply Overview
A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS®
February 2020
Quick Facts
Mortgage rates trending lower are a boost to home buyers, but the declines
in the stock market have both a psychological and practical impact for some
prospective home buyers. A watchful eye must be maintained on the spread
of COVID-19 and whether it begins to impact the overall economy, which
would lead to a tempering of buyer activity in the future. For the 12-month
period spanning March 2019 through February 2020, Pending Sales in the
Hilton Head region were up 8.7 percent overall. The price range with the
largest gain in sales was the $225,001 to $375,000 range, where they
increased 19.1 percent.
The overall Median Sales Price was up 3.6 percent to $325,000. The property
type with the largest price gain was the Condos / Villas segment, where
prices increased 8.6 percent to $239,000. The price range that tended to sell
the quickest was the $100,001 to $225,000 range at 109 days; the price
range that tended to sell the slowest was the $650,001 and Above range at
193 days.
+ 19.1% + 14.1% + 9.0%
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 14.5 percent. The property type
that lost the least inventory was the Single Family segment, where it
decreased 11.4 percent. That amounts to 4.4 months supply for Single-
Family homes and 3.8 months supply for Condos.
Current as of March 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