March 2019 Housing Supply Overview March-Housing-Supply-Outlook
Housing Supply Overview
A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS®
March 2019
Quick Facts
Housing supply has continued to struggle to replenish itself in most markets
across the U.S., which is contributing to an overall decline in sales. Yet low
inventory is not the only slowing factor in a buying environment with
historically high prices. For the 12-month period spanning April 2018 through
March 2019, Pending Sales in the Hilton Head region were up 8.5 percent
overall. The price range with the largest gain in sales was the $650,001 and
Above range, where they increased 17.9 percent.
The overall Median Sales Price was up 3.3 percent to $315,000. The property
type with the largest price gain was the Single-Family Homes segment,
where prices increased 2.0 percent to $344,740. The price range that tended
to sell the quickest was the $100,000 and Below range at 106 days; the price
range that tended to sell the slowest was the $650,001 and Above range at
185 days.
Market-wide, inventory levels were up 7.4 percent. The property type that
gained the most inventory was the Condos segment, where it increased 18.4
percent. That amounts to 5.5 months supply for Single-Family homes and 5.4
months supply for Condos.
+ 17.9% + 13.2% + 17.4%
Price Range With the
Strongest Sales: Bedroom Count With
Strongest Sales: Property Type With
Strongest Sales:
$650,001 and Above 3 Bedrooms 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, 2019 Data © 2019 MLS of Hilton Head. All Rights Reserved. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Report © 2019 ShowingTime. | 1