April MLS data show slight drop in days on market

According to the South Carolina Realtors’ MLS report for April, the Beaufort and Hilton Head Island area housing markets showed improvements over the year before.

In April 2016, the average number of days a home was on the market in Beaufort was 103 days; the year before it was 109. For the Hilton Head area, those numbers were 144 days this year, compared with 156 days in 2015.

The Hilton Head area saw gains in median house prices last month over the year before. The average home was $295,058 this April, up from $277,450 in April 2015. The median house price decreased slightly in Beaufort, falling from $177,950 in 2015 to $173,500 this year.

Both Beaufort and the Hilton Head area reported more homes on the market this year. In Beaufort, there were 173 homes on the market, compared with 166 the year before. In the Hilton Head area those numbers were 354 homes this year, up from 334 the year before.

“We should see a healthy number of sales in most categories for the next few months, yet there is still some lingering worry about low inventory, especially with an overall slowdown in new construction,” the SCR report stated.

Statewide, new listings were up .7 percent to 10,812. The median sales price was up 5.7 percent to $175,000. Days on market decreased 8.8 percent to 103 days.

This story was originally published May 17, 2016 at 11:25 AM with the headline "April MLS data show slight drop in days on market."