Local Market Update – November 2018 A Research Tool Provided by the Multiple Listing Service of Hilton Head Island and the Hilton Head Area Association of REALTORS®
1: Sea Pines Detached Homes Only
November
Year to Date
Key Metrics
2017
2018
Percent Change
2017
2018
Percent Change
New Listings
28
27
- 3.6%
269
333
+ 23.8%
Closed Sales
16
13
- 18.8%
197
216
+ 9.6%
$659,250
$740,000
+ 12.2%
$700,000
$717,500
+ 2.5%
94.5%
95.8%
+ 1.4%
94.8%
95.0%
+ 0.1%
Days on Market Until Sale
156
255
+ 63.0%
180
155
- 13.9%
Inventory of Homes for Sale
127
150
+ 18.1%
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Median Sales Price* Percent of List Price Received*
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
November
2017
28
150
$740,000
27
2018
$659,250
127
16 13
- 3.6%
- 18.8%
New Listings
Closed Sales
Historical Median Sales Price
+ 12.2%
+ 18.1%
Median Sales Price*
Inventory of Homes for Sale
Rolling 12-Month Calculation
All MLS — 1: Sea Pines —
$800,000
$700,000
$600,000
$500,000
$400,000
$300,000
$200,000 4-2014
10-2014
4-2015
10-2015
4-2016
10-2016
4-2017
10-2017
4-2018
10-2018
Current as of December 10, 2018. Data © 2018 MLS of Hilton Head Island. All Rights Reserved. | Sponsored by South Carolina REALTORS®. | Report © 2018 ShowingTime.