Main Content

Home » Hilton Head Island’s Monthly Indicator Report & Housing Supply Overview – July

Hilton Head Island’s Monthly Indicator Report & Housing Supply Overview – July

July Monthly Indicator Report

According to the U.S. Census, home ownership is at 63.4 percent for the second quarter of 2015, down 1.3 percent from the second quarter of 2014. This is the lowest rate of home ownership since 1967. To put that in greater context, home ownership peaked at 69.2 percent in 2004, and the 50-year average is 65.3 percent. Although the data may be indicating otherwise on a macro level, mortgage applications have kept REALTORS® busy through summer.  New Listings were up 5.5 percent to 461. Pending Sales increased 53.0 percent to 485. Inventory shrank 16.5 percent to 2,185 units. CLICK HERE TO READ MORE >>>

July Housing Supply Overview

The second half of the year is generally slower than the first, but the 2015 market as a whole has shown a willingness to offer greater returns more often than not. Prior to any autumn rate increases, there is a fair chance of increased buyer activity over the next few months. For the 12-month period spanning August 2014 through July 2015, Pending Sales in the Hilton Head region were up 12.4 percent overall. The price range with the largest gain in sales was the $225,001 to $375,000 range, where they increased 28.5 percent. CLICK HERE TO READ MORE >>>