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Housing Supply Overview
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A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS®
September 2015 Quick Facts
$200,001 to $300,000 4 Bedrooms or More
234567
Housing Supply Overview
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
+ 24.5% + 15.6%+ 17.7%
Price Range With the Strongest Sales:
Bedroom Count With Strongest Sales:
Property Type With Strongest Sales:
Single-Family
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 12-month 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 Single-Family homes and 8.6 months supply for Condos.
Closed Sales
Months Supply of InventoryInventory of Homes for SalePercent of List Price ReceivedMedian Sales PriceDays on Market Until Sale
Closed Sales
By Price Range 9-2014 9-2015 Change 9-2014 9-2015 Change 9-2014 9-2015 Change
$100,000 and Below 2,534 2,437 - 3.8% 878 737 - 16.1% 1,656 1,700 + 2.7%
$100,001 to $150,000 2,344 2,580 + 10.1% 1,264 1,357 + 7.4% 1,080 1,223 + 13.2%
$150,001 to $200,000 1,962 2,318 + 18.1% 1,310 1,649 + 25.9% 652 669 + 2.6%
$200,001 to $300,000 2,027 2,523 + 24.5% 1,580 1,974 + 24.9% 447 549 + 22.8%
$300,001 and Above 1,410 1,743 + 23.6% 1,132 1,409 + 24.5% 278 334 + 20.1%
All Price Ranges 10,277 11,601 + 12.9% 6,164 7,126 + 15.6% 4,113 4,475 + 8.8%
By Bedroom Count 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
All Properties Single-Family Homes Condos
A count of properties on which offers have been accepted. Based on a rolling 12-month total.
2,5342,344
1,962 2,027
1,410
2,4372,580
2,3182,523
1,743
$100,000 andBelow
$100,001 to$150,000
$150,001 to$200,000
$200,001 to$300,000
$300,001 andAbove
By Price Range9-2014 9-2015
2,674
5,523
1,829
3,005
6,175
2,152
2 Bedrooms orLess
3 Bedrooms 4 Bedrooms orMore
By Bedroom Count9-2014 9-2015
- 3.8%
6,164
4,113
7,126
4,475
Single-Family Homes Condos
By Property Type9-2014 9-2015
+ 10.1% + 18.1% + 24.5% + 23.6% + 15.6% + 8.8%+ 12.4% + 11.8% + 17.7%
Days on Market Until Sale
By Price Range 9-2014 9-2015 Change 9-2014 9-2015 Change 9-2014 9-2015 Change
$100,000 and Below 149 145 - 2.9% 142 133 - 6.5% 153 150 - 1.7%
$100,001 to $150,000 152 148 - 2.8% 137 139 + 1.6% 173 159 - 8.0%
$150,001 to $200,000 159 144 - 8.9% 148 135 - 9.2% 180 170 - 5.3%
$200,001 to $300,000 165 167 + 0.9% 165 160 - 2.8% 167 192 + 14.7%
$300,001 and Above 199 186 - 6.6% 197 183 - 7.2% 204 197 - 3.6%
All Price Ranges 161 156 - 3.2% 158 151 - 3.8% 166 163 - 1.9%
By Bedroom Count 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
All Properties Single-Family Homes Condos
Average number of days between when a property is listed and when an offer is accepted. Based on a rolling 12-month average.
149 152 159 165
199
145 148 144167
186
$100,000 andBelow
$100,001 to$150,000
$150,001 to$200,000
$200,001 to$300,000
$300,001 andAbove
By Price Range9-2014 9-2015
160156
178
156
150
172
2 Bedrooms orLess
3 Bedrooms 4 Bedrooms orMore
By Bedroom Count9-2014 9-2015
- 2.9%
158
166
151
163
Single-Family Homes Condos
By Property Type9-2014 9-2015
- 2.8% - 8.9% + 0.9% - 6.6% - 3.8% - 1.9%- 2.7% - 3.6% - 3.5%
Median Sales Price
By Bedroom Count 9-2014 9-2015 Change 9-2014 9-2015 Change 9-2014 9-2015 Change
2 Bedrooms or Less $95,000 $100,000 + 5.3% $96,000 $115,000 + 19.8% $94,500 $98,938 + 4.7%
3 Bedrooms $162,000 $171,000 + 5.6% $164,402 $173,799 + 5.7% $158,000 $164,950 + 4.4%
4 Bedrooms or More $276,233 $280,000 + 1.4% $272,350 $278,594 + 2.3% $339,000 $310,000 - 8.6%
All Bedroom Counts $152,500 $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
All Properties Single-Family Homes Condos
Median price point for all closed sales, not accounting for seller concessions. Based on a rolling 12-month median.
$95,000
$162,000
$276,233
$100,000
$171,000
$280,000
2 Bedrooms or Less 3 Bedrooms 4 Bedrooms or More
By Bedroom Count9-2014 9-2015
$152,500
$179,900
$112,000
$161,616
$190,000
$115,950
All Properties Single-Family Homes Condos
By Property Type9-2014 9-2015
+ 5.6% + 3.5%+ 5.3% + 6.0%+ 5.6% + 1.4%
Percent of List Price Received
By Price Range 9-2014 9-2015 Change 9-2014 9-2015 Change 9-2014 9-2015 Change
$100,000 and Below 93.0% 92.9% - 0.1% 92.5% 91.8% - 0.8% 93.3% 93.4% + 0.2%
$100,001 to $150,000 96.2% 96.4% + 0.2% 96.9% 97.4% + 0.5% 95.4% 95.2% - 0.2%
$150,001 to $200,000 96.6% 97.1% + 0.5% 97.1% 97.5% + 0.5% 95.8% 96.2% + 0.5%
$200,001 to $300,000 96.9% 97.2% + 0.3% 97.4% 97.5% + 0.1% 95.0% 95.9% + 0.9%
$300,001 and Above 95.8% 96.6% + 0.9% 95.8% 97.0% + 1.2% 95.7% 95.1% - 0.5%
All Price Ranges 95.5% 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
All Properties Single-Family Homes Condos
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.
93.0%
96.2%96.6% 96.9%
95.8%
92.9%
96.4%97.1% 97.2%
96.6%
$100,000 andBelow
$100,001 to$150,000
$150,001 to$200,000
$200,001 to$300,000
$300,001 andAbove
By Price Range9-2014 9-2015
93.8%
96.5%
95.8%
94.3%
96.8%96.5%
2 Bedrooms orLess
3 Bedrooms 4 Bedrooms orMore
By Bedroom Count9-2014 9-2015
- 0.1%
96.2%
94.5%
96.8%
94.7%
Single-Family Homes Condos
By Property Type9-2014 9-2015
+ 0.2% + 0.5% + 0.3% + 0.9% + 0.6% + 0.2%+ 0.5% + 0.3% + 0.8%
Inventory of Homes for Sale
By Price Range 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
All Properties Single-Family Homes Condos
The number of properties available for sale in active status at the end of the most recent month. Based on one month of activity.
1,4871,611
1,281
1,600
2,023
1,132
1,4241,205
1,527
2,092
$100,000 andBelow
$100,001 to$150,000
$150,001 to$200,000
$200,001 to$300,000
$300,001 andAbove
By Price Range9-2014 9-2015
2,353
3,514
1,8852,108
3,262
1,821
2 Bedrooms orLess
3 Bedrooms 4 Bedrooms orMore
By Bedroom Count9-2014 9-2015
- 23.9%
4,335
3,6674,077
3,303
Single-Family Homes Condos
By Property Type9-2014 9-2015
- 11.6% - 5.9% - 4.6% + 3.4% - 6.0% - 9.9%- 10.4% - 7.2% - 3.4%
Months Supply of Inventory
By Price Range 9-2014 9-2015 Change 9-2014 9-2015 Change 9-2014 9-2015 Change
$100,000 and Below 7.3 5.4 - 25.3% 5.5 3.8 - 30.5% 8.2 6.1 - 25.1%
$100,001 to $150,000 8.3 6.3 - 23.4% 5.8 4.5 - 22.0% 11.3 8.3 - 26.5%
$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%
By Bedroom Count 9-2014 9-2015 Change 9-2014 9-2015 Change 9-2014 9-2015 Change
2 Bedrooms or Less 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%
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.
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
All Properties Single-Family Homes Condos
7.38.3
7.6
9.2
16.5
5.46.3 6.1
7.1
14.0
$100,000 andBelow
$100,001 to$150,000
$150,001 to$200,000
$200,001 to$300,000
$300,001 andAbove
By Price Range9-2014 9-2015
10.8
7.5
12.1
8.1
6.2
9.8
2 Bedrooms orLess
3 Bedrooms 4 Bedrooms orMore
By Bedroom Count9-2014 9-2015
- 25.3%
8.3
10.8
6.7
8.6
Single-Family Homes Condos
By Property Type9-2014 9-2015
- 23.4% - 19.8% - 22.5% - 15.1% - 19.3% - 20.4%- 24.9% - 17.3% - 18.8%