Lowcountry Living & Real Estate May 2022 Report

Page 11

ervice of of ation of REALTORS® of REALTORS®

er

New Listings A Closer Look A count of the properties that have been newly listed on the market in a given month.

March

Year to Date 878

816

New Listings

743

3

2,159

2,006

1,846

March March 2020

- 0.7%

2021

2020

2022

+ 18.2%

- 7.1%

20212021 Historical New Listings2022 by Month 2022 4

New Listings

2021

- 0.9%

+ 7.6%

2022

Prior Year

Percent Change

April 2021

755

425

+77.6%

May 2021

691

532

+29.9%

June 2021

691

716

-3.5%

July 2021

627

735

-14.7%

August 2021

664

707

-6.1%

September 2021

608

683

-11.0%

October 2021

549

724

-24.2%

November 2021

465

567

-18.0%

December 2021

402

410

-2.0%

January 2022

467

598

-21.9%

February 2022

563

683

-17.6%

March 2022

816

878

-7.1%

12-Month Avg

608

638

-4.7%

- 14.5%

Year to Date Year to Date Quick

Percent Change Percent Change

20212021

20222022

1,000

4

800

6

6

+ 50.0% + 50.0%

11 11

17 17

2

2

- 33.3% - 33.3%

12 12

7

600

3

400

$800,000 + 84.9% $800,000 Closed $1,479,500 Sales$1,479,500 + 84.9% 200 01-2014

01-2015

01-2016

01-2017

01-2018

01-2019

01-2020

759

66 66

Closed Sales

+ 0.5% 96.2% + 0.5% 96.2% Year to Date 69 69 552

499

10 10

1,801

1,397

1,182

6

6

+ 4.5% + 4.5% - 40.0% - 40.0%

01-2021

01-2022

Closed Sales

96.0% 96.0% Prior Year

Percent Change

April 2021

742

416

+78.4%

May 2021

683

343

+99.1%

June 2021 August 2021

158 158 708

553

+28.0%

623

737

-15.5%

550

701

-21.5%

September 2021

528

736

-28.3%

October 2021

546

740

-26.2%

November 2021

549

636

December 2021

617

756

January 2022

441

538

February 2022

404

504

-19.8%

March 2022

552

759

-27.3%

July 2021

--

--

-13.7% -18.4% -18.0%

579 to 618 -6.4% ance. | Percent are calculated using rounded can sometimes look extreme due small sample size. Percent changeschanges are calculated using rounded figures figures and canand sometimes look extreme due to small sample size. + 7.7% - 27.3% + 52.4% - 22.4% + 6.9% + 52.1% 2021

2020

2022

2021

2022

12-Month Avg

Historical Closed Sales by Month

700

Closed Sales

-27.3%

96.3% 96.3%

+ 0.3% + 0.3%

113 113

- 28.5% - 28.5%

One-year change in -- --Price -- --Median Sales

+23.6%

500 400

One-year change in 10 10 Months Supply

$1,479,500 $1,479,500

100 04-2014

04-2015

04-2016

04-2017

Median Sales Price

04-2018

04-2019

04-2020

04-2021

Current as of April 10, 2022. Data is Copyright © 2022 All Rights Reserved. MLS of Hilton Head Island. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Report © 2022 ShowingTime. | 5

Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month.

$800,000 $800,000 Year to Date

March

2

change - 41.7%in 7One-year - 41.7%

2021202120222022

600

200

3

+ 54.5% + 54.5%

800

300

Media Sales Price

3

2020

Percent Change Percent Change

$842,500 $1,367,000 + 62.3% $1,367,000 + 62.3% $842,500

Current as of April 10, 2022. Data is Copyright © 2022 All Rights Reserved. MLS of Hilton Head Island. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Report © 2022 ShowingTime. | 3

A count of the actual sales that closed in a given month.

95.7% 95.7% March

Facts

Monthly Market Indicators

– March 2022 March 2022

2

$352,000

2020

$469,750

$467,500 $385,000

$378,300 $337,350

2021

2020

2022

- 33.3%Historical Median Sales Price by Month - 33.3% + 8.3%

Median Sales Price

+ 7.5%

+ 23.6%

Closed Sales Closed Sales

+ 5.4%

2021

2022

+ 84.9% + 84.9% + 14.1%

Prior Year

Percent Change

April 2021

$392,745

$335,000

+17.2%

May 2021

$410,000

$325,000

+26.2%

June 2021

$400,000

$355,000

+12.7%

July 2021

$440,000

$360,000

+22.2%

August 2021

$403,906

$376,000

September 2021

$394,000

$388,920

+1.3%

October 2021

$453,770

$395,000

+14.9%

November 2021

$430,000

$390,165

+10.2%

December 2021

$455,000

$379,860

+19.8%

January 2022

$480,000

$390,000

+23.1%

February 2022

$457,500

$388,825

+17.7%

March 2022

$467,500

$378,300

12-Month Med*

$427,760

$375,000

+ 22.0%

$450,000

6

6

+7.4%

One-year change in Days on Market

-11.3% Inventory of Homes for Sale Inventory of Homes for Sale +23.6% +14.1%

* Median Sales Price of all properties from April 2021 through March 2022. This is not the median of the individual figures above.

Median Sales Price* Median Sales Price*

$500,000

-10.0%

- 40.0% - 40.0%

$400,000

$350,000

$300,000

ce Rolling 12-Month Calculation Rolling 12-Month Calculation $250,000

$200,000 04-2014

04-2015

04-2016

04-2017

04-2018

04-2019

04-2020

04-2021

Current as of April 10, 2022. Data is Copyright © 2022 All Rights Reserved. MLS of Hilton Head Island. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Report © 2022 ShowingTime. | 7

All MLS All MLS — — Colleton Colleton RiverRiver — —

9


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