Housing Supply Overview A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS®
January 2015 The prevailing trend for 2015 still appears to be more sales and rising prices – not of the headline-grabbing variety but enough to keep the wider economy bullish on housing. With improved inventory, things will only get better. For the 12-month period spanning February 2014 through January 2015, Pending Sales in the Hilton Head region were down 1.0 percent overall. The price range with the largest gain in sales was the $650,001 and Above range, where they increased 6.1 percent. The overall Median Sales Price was up 4.0 percent to $260,000. The property type with the largest price gain was the Single-Family Homes segment, where prices increased 2.2 percent to $281,000. The price range that tended to sell the quickest was the $100,000 and Below range at 82 days; the price range that tended to sell the slowest was the $650,001 and Above range at 177 days. Market-wide, inventory levels were down 4.9 percent. The property type that lost the least inventory was the Condos segment, where it decreased 4.0 percent. That amounts to 6.9 months supply for Single-Family homes and 8.8 months supply for Condos.
Quick Facts + 6.1%
+ 14.4%
+ 29.5%
Price Range With the Strongest Sales:
Bedroom Count With Strongest Sales:
Property Type With Strongest Sales:
$300,001 and Above
4 Bedrooms or More
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
February 10, 2015 Data is Copyright © 2014 All Rights Reserved. MLS of Hilton Head Island. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Powered by 10K Research and Marketing. | 1