October 2018 Housing Supply Overview October-Housing-Supply-Report
Housing Supply Overview
A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS®
October 2018
Quick Facts
Although every community is different, a general analysis of all housing
markets across the country reveals that housing inventory is slowly moving
toward balance with year-ago levels. This is the first indication in years that
we may be approaching an inventory bottom. For the 12-month period
spanning November 2017 through October 2018, Pending Sales in the Hilton
Head region were up 13.8 percent overall. The price range with the largest
gain in sales was the $650,001 and Above range, where they increased 23.4
percent.
The overall Median Sales Price was up 5.4 percent to $313,558. The property
type with the largest price gain was the Condos / Villas segment, where
prices increased 7.1 percent to $227,000. 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
192 days.
Market-wide, inventory levels were up 2.6 percent. The property type that
gained the most inventory was the Condos segment, where it increased 14.7
percent. That amounts to 5.3 months supply for Single-Family homes and 5.3
months supply for Condos.
+ 23.4% + 17.9% + 17.1%
Price Range With the
Strongest Sales: Bedroom Count With
Strongest Sales: Property Type With
Strongest Sales:
$650,001 and Above 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 November 10, 2018 Data © 2018 MLS of Hilton Head. All Rights Reserved. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Report © 2018 ShowingTime. | 1