Fabruary 2012 Housing Outlook

Page 1

Housing Supply Overview A RESEARCH TOOL PROVIDED BY THE HILTON HEAD AREA ASSOCIATION OF REALTORS速

February 2012

Quick Facts

When anecdotal evidence echoes what the empirical data is telling us, it's wise to listen. For the 12-month period spanning March 2011 through February 2012, Pending Sales in the Hilton Head region were up 10.9 percent overall. The price range with the largest gain in sales was the $100,001 to $225,000 range, where they increased 16.5 percent. The overall Median Sales Price was down 0.5 percent to $232,515. The price range that tended to sell the quickest was the $100,000 and Below range at 109 days; the price range that tended to sell the slowest was the $650,001 and Above range at 218 days. Market-wide, inventory levels were down 14.0 percent which amounts to 10.4 months supply for Single-Family homes and 12.1 months supply for Condos.

+ 16.5%

+ 14.7%

+ 13.3%

Price Range With the Strongest Sales:

Bedroom Count With Strongest Sales:

Property Type With Strongest Sales:

$100,001 to $225,000

3 Bedrooms

Single-Family Homes

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

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All data from the Multiple Listing Service of Hilton Head Island. Provided by the Hilton Head Area Association of REALTORS速 and South Carolina REALTORS速. Powered by 10K Research and Marketing. | 1


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