March 2018 Housing Supply Overview March-Housing-Supply-Outlook
Housing Supply Overview
A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS®
March 2018
Quick Facts
Supply remains low in most markets and categories. Buyer demand
continues to show that there is room for growth, but we still have not reached
a point where a year-over-year increase in the number of homes for sale can
be anticipated. For the 12-month period spanning April 2017 through March
2018, Pending Sales in the Hilton Head region were up 12.6 percent overall.
The price range with the largest gain in sales was the $375,001 to $650,000
range, where they increased 21.7 percent.
The overall Median Sales Price was up 4.3 percent to $305,000. The property
type with the largest price gain was the Condos / Villas segment, where
prices increased 11.8 percent to $223,500. The price range that tended to
sell the quickest was the $100,001 to $225,000 range at 114 days; the price
range that tended to sell the slowest was the $650,001 and Above range at
213 days.
Market-wide, inventory levels were down 8.3 percent. The property type that
lost the least inventory was the Single Family segment, where it decreased
6.6 percent. That amounts to 5.6 months supply for Single-Family homes and
4.5 months supply for Condos.
+ 21.7% + 16.5% + 11.4%
Price Range With the
Strongest Sales: Bedroom Count With
Strongest Sales: Property Type With
Strongest Sales:
$375,001 to $650,000 2 Bedrooms or Less 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 April 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