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Housing Supply Overview

A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS®

September 2015
The best outcomes seen in the past 15 years are upon us. Nary a warning
bell is suspect to sound in this time of generalized stability. For the 12month period spanning October 2014 through September 2015, Closed
Sales in the Coastal Carolinas region were up 12.9 percent overall. The
price range with the largest gain in sales was the $200,001 to $300,000
range, where they increased 24.5 percent.
The overall Median Sales Price was up 6.0 percent to $161,616. The
property type with the largest price gain was the Single-Family Homes
segment, where prices increased 5.6 percent to $190,000. The price
range that tended to sell the quickest was the $150,001 to $200,000 range
at 144 days; the price range that tended to sell the slowest was the
$300,001 and Above range at 186 days.
Market-wide, inventory levels were down 7.8 percent. The property type
that lost the least inventory was the Single Family segment, where it
decreased 6.0 percent. That amounts to 6.7 months supply for SingleFamily homes and 8.6 months supply for Condos.

Quick Facts
+ 24.5%

+ 17.7%

+ 15.6%

Price Range With the
Strongest Sales:

Bedroom Count With
Strongest Sales:

Property Type With
Strongest Sales:

$200,001 to $300,000

4 Bedrooms or More

Single-Family

Closed 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

Current as of October 10, 2015 All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | 1

Closed Sales
A count of properties on which offers have been accepted. Based on a rolling 12-month total.

By Price Range
9-2014

2,534

By Bedroom Count

9-2015

2,437

9-2014

2,580

9-2015
7,126

6,164

5,523

2,318
1,962

9-2014

6,175

2,523

2,344

By Property Type

9-2015

2,027
1,743

4,113

1,410
2,674

4,475

3,005
1,829

2,152

- 3.8%

+ 10.1%

+ 18.1%

+ 24.5%

+ 23.6%

+ 12.4%

+ 11.8%

+ 17.7%

+ 15.6%

+ 8.8%

$100,000 and
Below

$100,001 to
$150,000

$150,001 to
$200,000

$200,001 to
$300,000

$300,001 and
Above

2 Bedrooms or
Less

3 Bedrooms

4 Bedrooms or
More

Single-Family Homes

Condos

All Properties
By Price Range

Single-Family Homes

9-2014

9-2015

Change

$100,000 and Below

2,534

2,437

- 3.8%

$100,001 to $150,000

2,344

2,580

+ 10.1%

$150,001 to $200,000

1,962

2,318

+ 18.1%

$200,001 to $300,000

2,027

2,523

+ 24.5%

$300,001 and Above

1,410

1,743

All Price Ranges

10,277

11,601

By Bedroom Count

9-2014

Condos

9-2015

Change

9-2014

9-2015

Change

878

737

- 16.1%

1,656

1,700

+ 2.7%

1,264

1,357

+ 7.4%

1,080

1,223

+ 13.2%

1,310

1,649

+ 25.9%

652

669

+ 2.6%

1,580

1,974

+ 24.9%

447

549

+ 22.8%

+ 23.6%

1,132

1,409

+ 24.5%

278

334

+ 20.1%

+ 12.9%

6,164

7,126

+ 15.6%

4,113

4,475

+ 8.8%

9-2014

9-2015

Change

9-2014

9-2015

Change

9-2014

9-2015

Change

2 Bedrooms or Less

2,674

3,005

+ 12.4%

372

432

+ 16.1%

2,302

2,573

+ 11.8%

3 Bedrooms

5,523

6,175

+ 11.8%

4,089

4,691

+ 14.7%

1,434

1,484

+ 3.5%

4 Bedrooms or More

1,829

2,152

+ 17.7%

1,703

2,003

+ 17.6%

126

149

+ 18.3%

All Bedroom Counts

10,277

11,601

+ 12.9%

6,164

7,126

+ 15.6%

4,113

4,475

+ 8.8%

Current as of October 10, 2015 All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | 2

Days on Market Until Sale
Average number of days between when a property is listed and when an offer is accepted. Based on a rolling 12-month average.

By Price Range
9-2014

By Bedroom Count

9-2015

9-2014

199
149

145

152

148

159

165

167

By Property Type
9-2014

9-2015

9-2015

166

178
186

163

172
158

144
160
156

156

151
150

- 2.9%

- 2.8%

- 8.9%

+ 0.9%

- 6.6%

- 2.7%

- 3.6%

- 3.5%

- 3.8%

- 1.9%

$100,000 and
Below

$100,001 to
$150,000

$150,001 to
$200,000

$200,001 to
$300,000

$300,001 and
Above

2 Bedrooms or
Less

3 Bedrooms

4 Bedrooms or
More

Single-Family Homes

Condos

All Properties
By Price Range

Single-Family Homes

9-2014

9-2015

Change

9-2014

9-2015

$100,000 and Below

149

145

- 2.9%

142

$100,001 to $150,000

152

148

- 2.8%

137

$150,001 to $200,000

159

144

- 8.9%

$200,001 to $300,000

165

167

+ 0.9%

$300,001 and Above

199

186

All Price Ranges

161

By Bedroom Count

Condos

Change

9-2014

9-2015

Change

133

- 6.5%

153

150

- 1.7%

139

+ 1.6%

173

159

- 8.0%

148

135

- 9.2%

180

170

- 5.3%

165

160

- 2.8%

167

192

+ 14.7%

- 6.6%

197

183

- 7.2%

204

197

- 3.6%

156

- 3.2%

158

151

- 3.8%

166

163

- 1.9%

9-2014

9-2015

Change

9-2014

9-2015

Change

9-2014

9-2015

Change

2 Bedrooms or Less

160

156

- 2.7%

146

134

- 7.9%

162

159

- 1.9%

3 Bedrooms

156

150

- 3.6%

151

145

- 3.5%

172

167

- 2.9%

4 Bedrooms or More

178

172

- 3.5%

177

170

- 4.0%

191

198

+ 3.8%

All Bedroom Counts

161

156

- 3.2%

158

151

- 3.8%

166

163

- 1.9%

Current as of October 10, 2015 All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | 3

Median Sales Price
Median price point for all closed sales, not accounting for seller concessions. Based on a rolling 12-month median.

By Bedroom Count
9-2014

By Property Type
9-2014

9-2015

$276,233

9-2015

$280,000

$179,900
$152,500

$162,000
$95,000

$190,000

$161,616

$171,000

$112,000

$115,950

$100,000

+ 5.3%
2 Bedrooms or Less

+ 5.6%
3 Bedrooms

+ 1.4%

+ 6.0%

+ 5.6%

+ 3.5%

4 Bedrooms or More

All Properties

Single-Family Homes

Condos

All Properties
By Bedroom Count

Single-Family Homes

9-2014

9-2015

Change

2 Bedrooms or Less

$95,000

$100,000

3 Bedrooms

$162,000

$171,000

4 Bedrooms or More

$276,233

All Bedroom Counts

$152,500

Condos

9-2014

9-2015

Change

9-2014

9-2015

Change

+ 5.3%

$96,000

$115,000

+ 19.8%

+ 5.6%

$164,402

$173,799

+ 5.7%

$94,500

$98,938

+ 4.7%

$158,000

$164,950

+ 4.4%

$280,000

+ 1.4%

$272,350

$278,594

+ 2.3%

$339,000

$310,000

- 8.6%

$161,616

+ 6.0%

$179,900

$190,000

+ 5.6%

$112,000

$115,950

+ 3.5%

Current as of October 10, 2015 All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | 4

Percent of List Price Received
Percentage found when dividing a property's sales price by its last list price, then taking the average for all properties sold,
not accounting for seller concessions. Based on a rolling 12-month average.

By Price Range
9-2014

By Bedroom Count

9-2015

9-2014

96.2% 96.4%

96.6%

97.1%

96.9% 97.2%

9-2014

96.5%

96.6%

By Property Type

9-2015

96.8%

96.8%

96.5%
95.8%

95.8%

9-2015

96.2%

94.3%

93.0% 92.9%

94.5%

93.8%

94.7%

- 0.1%

+ 0.2%

+ 0.5%

+ 0.3%

+ 0.9%

+ 0.5%

+ 0.3%

+ 0.8%

+ 0.6%

+ 0.2%

$100,000 and
Below

$100,001 to
$150,000

$150,001 to
$200,000

$200,001 to
$300,000

$300,001 and
Above

2 Bedrooms or
Less

3 Bedrooms

4 Bedrooms or
More

Single-Family Homes

Condos

All Properties
By Price Range

9-2014

9-2015

$100,000 and Below

93.0%

$100,001 to $150,000

96.2%

$150,001 to $200,000
$200,001 to $300,000

Single-Family Homes
Change

9-2014

9-2015

92.9%

- 0.1%

92.5%

96.4%

+ 0.2%

96.9%

96.6%

97.1%

+ 0.5%

96.9%

97.2%

+ 0.3%

$300,001 and Above

95.8%

96.6%

All Price Ranges

95.5%

Condos

Change

9-2014

9-2015

Change

91.8%

- 0.8%

93.3%

93.4%

+ 0.2%

97.4%

+ 0.5%

95.4%

95.2%

- 0.2%

97.1%

97.5%

+ 0.5%

95.8%

96.2%

+ 0.5%

97.4%

97.5%

+ 0.1%

95.0%

95.9%

+ 0.9%

+ 0.9%

95.8%

97.0%

+ 1.2%

95.7%

95.1%

- 0.5%

96.0%

+ 0.5%

96.2%

96.8%

+ 0.6%

94.5%

94.7%

+ 0.2%

By Bedroom Count

9-2014

9-2015

Change

9-2014

9-2015

Change

9-2014

9-2015

Change

2 Bedrooms or Less

93.8%

94.3%

+ 0.5%

92.1%

93.8%

+ 1.9%

94.0%

94.3%

+ 0.3%

3 Bedrooms

96.5%

96.8%

+ 0.3%

96.8%

97.1%

+ 0.3%

95.7%

95.8%

+ 0.1%

4 Bedrooms or More

95.8%

96.5%

+ 0.8%

95.8%

96.6%

+ 0.9%

95.4%

95.6%

+ 0.1%

All Bedroom Counts

95.5%

96.0%

+ 0.4%

96.2%

96.8%

+ 0.5%

94.5%

94.7%

+ 0.2%

Current as of October 10, 2015 All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | 5

Inventory of Homes for Sale
The number of properties available for sale in active status at the end of the most recent month. Based on one month of activity.

By Price Range
9-2014

By Bedroom Count

9-2015

9-2014

1,611

1,487

1,424

1,132

1,600 1,527

2,353

1,281 1,205

9-2014

3,514

2,023 2,092

By Property Type

9-2015

4,335

3,262

2,108

9-2015

4,077
3,667

3,303

1,885 1,821

- 23.9%

- 11.6%

- 5.9%

- 4.6%

+ 3.4%

- 10.4%

- 7.2%

- 3.4%

- 6.0%

- 9.9%

$100,000 and
Below

$100,001 to
$150,000

$150,001 to
$200,000

$200,001 to
$300,000

$300,001 and
Above

2 Bedrooms or
Less

3 Bedrooms

4 Bedrooms or
More

Single-Family Homes

Condos

All Properties
By Price Range

Single-Family Homes

Condos

9-2014

9-2015

Change

9-2014

9-2015

Change

9-2014

9-2015

Change

$100,000 and Below

1,487

1,132

- 23.9%

380

240

- 36.8%

1,107

892

- 19.4%

$100,001 to $150,000

1,611

1,424

- 11.6%

619

528

- 14.7%

992

896

- 9.7%

$150,001 to $200,000

1,281

1,205

- 5.9%

753

708

- 6.0%

528

497

- 5.9%

$200,001 to $300,000

1,600

1,527

- 4.6%

1,070

1,017

- 5.0%

530

510

- 3.8%

$300,001 and Above

2,023

2,092

+ 3.4%

1,513

1,584

+ 4.7%

510

508

- 0.4%

All Price Ranges

8,002

7,380

- 7.8%

4,335

4,077

- 6.0%

3,667

3,303

- 9.9%

By Bedroom Count

9-2014

9-2015

Change

9-2014

9-2015

Change

9-2014

9-2015

Change

2 Bedrooms or Less

2,353

2,108

- 10.4%

242

213

- 12.0%

2,111

1,895

- 10.2%

3 Bedrooms

3,514

3,262

- 7.2%

2,393

2,186

- 8.7%

1,121

1,076

- 4.0%

4 Bedrooms or More

1,885

1,821

- 3.4%

1,700

1,678

- 1.3%

185

143

- 22.7%

All Bedroom Counts

8,002

7,380

- 7.8%

4,335

4,077

- 6.0%

3,667

3,303

- 9.9%

Current as of October 10, 2015 All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | 6

Months Supply of Inventory
The inventory of homes for sale at the end of the most recent month, divided by the average
monthly pending sales from the last 12 months. Based on one month of activity.

By Price Range
9-2014

By Bedroom Count

9-2015

9-2014

By Property Type
9-2014

9-2015

16.5

10.8

12.1
14.0

10.8
9.8

7.6
6.3

5.4

8.1

9.2

8.3

7.3

6.1

9-2015

8.6

8.3
6.7

7.5
6.2

7.1

- 25.3%

- 23.4%

- 19.8%

- 22.5%

- 15.1%

- 24.9%

- 17.3%

- 18.8%

- 19.3%

- 20.4%

$100,000 and
Below

$100,001 to
$150,000

$150,001 to
$200,000

$200,001 to
$300,000

$300,001 and
Above

2 Bedrooms or
Less

3 Bedrooms

4 Bedrooms or
More

Single-Family Homes

Condos

All Properties
By Price Range

Single-Family Homes

Condos

9-2014

9-2015

Change

9-2014

9-2015

Change

$100,000 and Below

7.3

5.4

- 25.3%

5.5

3.8

$100,001 to $150,000

8.3

6.3

- 23.4%

5.8

4.5

$150,001 to $200,000

7.6

6.1

- 19.8%

6.7

5.0

- 24.5%

9.6

8.9

- 7.8%

$200,001 to $300,000

9.2

7.1

- 22.5%

7.9

6.0

- 23.5%

13.5

10.9

- 19.6%

$300,001 and Above

16.5

14.0

- 15.1%

15.2

13.0

- 14.1%

22.1

18.1

- 18.1%

All Price Ranges

9.3

7.4

- 20.4%

8.3

6.7

- 19.3%

10.8

8.6

- 20.4%

9-2014

9-2015

Change

9-2014

9-2015

Change

9-2014

9-2015

Change

10.8

8.1

- 24.9%

7.9

5.6

- 29.5%

11.2

8.5

- 24.2%

3 Bedrooms

7.5

6.2

- 17.3%

6.9

5.5

- 20.2%

9.4

8.5

- 9.3%

4 Bedrooms or More

12.1

9.8

- 18.8%

11.7

9.7

- 17.3%

16.3

11.1

- 32.2%

All Bedroom Counts

9.3

7.4

- 20.4%

8.3

6.7

- 19.3%

10.8

8.6

- 20.4%

By Bedroom Count
2 Bedrooms or Less

9-2014

9-2015

Change

- 30.5%

8.2

6.1

- 25.1%

- 22.0%

11.3

8.3

- 26.5%

Current as of October 10, 2015 All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | 7