Our residential ACTIVE inventory in the Charleston, SC MLS has increased by more than 25% since its low point in May.
It appears that our "sizzling hot" market momentum has indeed TURNED AROUND!
Will home prices start falling? Unlikely - for a while! We have such low inventory that if demand keeps steady, it will take about 3 times the current inventory for prices to start to drop.
However, the rate of price increases will start decelerating (we're downshifting from fourth gear into third gear!). Buyers will have a little more leverage and a few more choices moving forward.
Were you waiting for the "top of the market" to sell your home?
This is it!
Call/text 843-900-0155 or DM me to get a detailed and current pricing analysis for your home.
#realestate #CharlestonSC #markettrends #kellerwilliamsagent