March 2017 Housing Supply Overview
Housing Supply Overview
A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS®
March 2017
Low supply and steadily rising rates and prices have been the story so far
after the first quarter of the year zipped by. The storylines are not expected to
change as we work our way into the busiest months of the real estate sales
cycle. For the 12-month period spanning April 2016 through March 2017,
Pending Sales in the Hilton Head region were up 5.0 percent overall. The
price range with the largest gain in sales was the $225,001 to $375,000
range, where they increased 12.1 percent.
The overall Median Sales Price was up 2.8 percent to $293,000. The property
type with the largest price gain was the Single-Family Homes segment,
where prices increased 4.5 percent to $325,000. The price range that tended
to sell the quickest was the $100,000 and Below range at 122 days; the price
range that tended to sell the slowest was the $650,001 and Above range at
191 days.
Market-wide, inventory levels were down 6.0 percent. The property type that
lost the least inventory was the Single Family segment, where it decreased
1.2 percent. That amounts to 6.4 months supply for Single-Family homes and
5.8 months supply for Condos.
Quick Facts
+ 12.1% + 5.9% + 28.8%
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 Condos
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 April 10, 2017 Data is Copyright © 2017 All Rights Reserved. MLS of Hilton Head Island. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Report © 2017 ShowingTime. | 1