Monthly Indicators A research tool provided by the Multiple Listing Service of Hilton Head Island and the Hilton Head Area Association of REALTORS®
August 2010
Contents
Your current outlook on the housing market depends on how you interpret the signs. Federal Reserve Chairman Ben Bernanke’s “unusually uncertain” p j growth g g demand economic outlook underpins the need for job before housing recovers across the nation. But let’s focus on the local story before trying to fix the national malaise.
New Listings Pending Sales Closed Sales Days On Market Until Sale
Pending Sales in the Hilton Head region decreased by 1.4 percent from last August to arrive at 219. New Listings increased 2.7 percent since last August and the overall inventory of 3,577 decreased by 10.7 percent. Median Sales Price fell 17.7 percent compared to last August, registering in at $214,000. Average Days on Market, at 126, dropped 16.9 percent versus last year. Months Supply of Inventory had a significant drop compared to 2009, down 37.6 percent to 15.9 months. In the coming months, keep an eye on Active Listings and Months Supply. Slowed sales may increase inventory, depending on listing activity. If listings go down, balance may be found. Make sure your listings show well and remain competitive and aggressively priced right out of the gate.
Median Sales Price Average Sales Price Percent of Original List Price Received at Sale Housing Affordability Index Inventory of Homes Available Months Supply of Inventory Market Overview Explanation Page
All data provided by Multiple Listing Service of Hilton Head Island ©2010 HHIMLS - powered by 10K Research and Marketing and sponsored by the South Carolina Association of REALTORS®
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