April 2020 Indicators April-Housing-Supply-Outlook
Housing Supply Overview
A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS®
April 2020
Quick Facts
In April, the stock market pared some of its March losses while overall
economic activity nationally continued to slow. With more than 20 million
initial unemployment claims filed nationwide in April on top of more than 10
million initial claims in the last two weeks of March, suddenly much of the
country is out of work, at least temporarily. This dramatic economic
slowdown is reflected in this month’s real estate activity, which is down
significantly. For the 12-month period spanning May 2019 through April 2020,
Pending Sales in the Hilton Head region were up 1.8 percent overall. The
price range with the largest gain in sales was the $650,001 and Above range,
where they increased 14.2 percent.
The overall Median Sales Price was up 4.0 percent to $329,540. The property
type with the largest price gain was the Condos / Villas segment, where
prices increased 6.2 percent to $239,950. The price range that tended to sell
the quickest was the $100,001 to $225,000 range at 106 days; the price
range that tended to sell the slowest was the $650,001 and Above range at
191 days.
+ 14.2% + 14.0% + 4.7%
Price Range With the
Strongest Sales: Bedroom Count With
Strongest Sales: Property Type With
Strongest Sales:
$650,001 and Above 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 10.3 percent. The property type
that lost the least inventory was the Single Family segment, where it
decreased 9.3 percent. That amounts to 5.0 months supply for Single-Family
homes and 4.9 months supply for Condos.
Current as of May 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