Housing Supply Overview A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS速
May 2015 The last 12 months have seen a lot of buyer activity. Prices are up in most markets and buyers are hungry to purchase, yet inventory remains low. If existing owners will not sell, new construction is the next best answer to this dilemma. For the 12-month period spanning June 2014 through May 2015, Pending Sales in the Hilton Head region were up 2.5 percent overall. The price range with the largest gain in sales was the $650,001 and Above range, where they increased 14.1 percent. The overall Median Sales Price was up 3.9 percent to $265,000. The property type with the largest price gain was the Condos segment, where prices increased 11.4 percent to $195,000. The price range that tended to sell the quickest was the $100,000 and Below range at 86 days; the price range that tended to sell the slowest was the $650,001 and Above range at 170 days. Market-wide, inventory levels were down 7.7 percent. The property type that lost the least inventory was the Single Family segment, where it decreased 5.0 percent. That amounts to 7.6 months supply for SingleFamily homes and 8.6 months supply for Condos.
Quick Facts + 14.1%
+ 5.7%
+ 18.0%
Price Range With the Strongest Sales:
Bedroom Count With Strongest Sales:
Property Type With Strongest Sales:
$650,001 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
Current as of June 10, 2015 Data is Copyright 息 2015 All Rights Reserved. MLS 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