HSO October 2015

Housing Supply Overview
A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS®

January 2016
The prediction for 2016 is slightly more sales with slightly higher prices. It
would be wonderful if there were more homes for sale in the mix, but
changing the trend of lower year-over-year totals is going to take many
months in a row of sellers singing a new tune. For the 12-month period
spanning February 2015 through January 2016, Pending Sales in the
Hilton Head region were up 16.9 percent overall. The price range with the
largest gain in sales was the $225,001 to $375,000 range, where they
increased 32.1 percent.
The overall Median Sales Price was up 7.7 percent to $280,000. The
property type with the largest price gain was the Single-Family Homes
segment, where prices increased 9.3 percent to $307,000. The price
range that tended to sell the quickest was the $100,001 to $225,000 range
at 87 days; the price range that tended to sell the slowest was the
$650,001 and Above range at 160 days.

Quick Facts
+ 32.1%

+ 20.9%

+ 16.4%

Price Range With the
Strongest Sales:

Bedroom Count With
Strongest Sales:

Property Type With
Strongest Sales:

$225,001 to $375,000

2 Bedrooms or Less

Single-Family

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

Market-wide, inventory levels were up 2.6 percent. The property type that
gained the most inventory was the Single Family segment, where it
increased 5.2 percent. That amounts to 6.3 months supply for SingleFamily homes and 7.2 months supply for Condos.

Current as of February 10, 2016 Data is Copyright © 2015 All Rights Reserved. MLS of Hilton Head Island. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Powered by ShowingTime 10K. | 1