Those of us who have been in this industry for a long time have seen the signs of a market shift coming to our local market for a few months now. But the indicators can be confusing.
Let's take home prices; Home prices in South Mount Pleasant (29464) have been pretty flat for the last 12 months. And in the last 3 months prices have softened a little, perhaps when sellers who wanted to sell in early summer panicked and lowered their price expectations to get a buyer before the end of the summer.
The graph below shows the median sales price for single family, detached homes in zip 29464 (12-month moving average).
Although us Realtors do not have a great confidence in the ZEstimate(R) va...