Housing Supply Overview A RESEARCH TOOL PROVIDED BY THE HILTON HEAD AREA ASSOCIATION OF REALTORS速
June 2012
Quick Facts
After a few head fakes, even cynical commentators agree that residential real estate may finally be clawing out from a multi-year valley. For the 12month period spanning July 2011 through June 2012, Pending Sales in i ih h Hil H d region i were up 16.7 5 1 percent overall. ll Th the Hilton Head The price range with the largest gain in sales was the $100,001 to $225,000 range, where they increased 24.3 percent. The overall Median Sales Price was down 4.2 percent to $220,000. The property type with the largest price gain was the Condo segment, where prices increased 14.1 percent to $158,625. The price range that tended to sell the quickest was the $100,000 and Below range at 94 days; the price range that tended to sell the slowest was the $650,001 and Above range at 210 days. Market-wide, inventory levels were down 19.8 percent. The property type that lost the least inventory was the Single-Family segment, where it decreased 18.7 percent. That amounts to 9.6 months supply for SingleFamily homes and 10.3 months supply for Condos.
+ 24.3%
+ 23.6%
+ 18.8%
Price Range With the Strongest Sales:
Bedroom Count With Strongest Sales:
Property Type With Strongest Sales:
$100,001 to $225,000
2 Bedrooms or Less
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
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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