February 2017 Monthly Indicators

Housing Supply Overview

A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS ®

February 2017

Anecdotal evidence indicates that it ' s becoming tougher to buy a home . Never mind the usual , though apt , concerns about lower affordability amidst rising prices . With the huge amount of demand for a limited set of properties , competition is becoming the biggest obstacle . For the 12-month period spanning March 2016 through February 2017 , Pending Sales in the Hilton Head region were up 3.3 percent overall . The price range with the largest gain in sales was the $ 225,001 to $ 375,000 range , where they increased 10.3 percent .
The overall Median Sales Price was up 2.6 percent to $ 290,000 . The property type with the largest price gain was the Single-Family Homes segment , where prices increased 4.3 percent to $ 323,183 . The price range that tended to sell the quickest was the $ 100,001 to $ 225,000 range at 120 days ; the price range that tended to sell the slowest was the $ 650,001 and Above range at 193 days .
Market-wide , inventory levels were down 6.5 percent . The property type that lost the least inventory was the Single Family segment , where it decreased 2.6 percent . That amounts to 6.1 months supply for Single-Family homes and 6.0 months supply for Condos .

Quick Facts

+ 10.3 % + 4.0
Price Range With the Strongest Sales :
$ 225,001 to $ 375,000 2 Bedrooms
Pending Sales
Bedroom Co Strongest S
Days on Market Until Sale Median Sales Price Percent of List Price Receiv Inventory of Homes for Sale Months Supply of Inventory
Current as of March 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 Ca