Curious About the Current Availability of Homes in Charleston, SC?

For those contemplating a relocation, staying abreast of the housing market's latest developments is crucial. In the realm of real estate in South Carolina, particularly in Charleston, AgentOwned Realty stands out as the local expert. If you're pondering the best places to live in Charleston, SC, or seeking the top-rated real estate agents in the area, AgentOwned Realty is your go-to solution. Renowned as the best brokerage in Charleston, SC, AgentOwned Realty offers unparalleled expertise in navigating the local real estate landscape.

Is the Inventory of Homes on the Rise in Charleston, SC?

If you're on the brink of a real estate transaction, whether buying or selling, understanding the current housing inventory is paramount. Let's delve into the latest information regarding the availability of homes in Charleston, SC.

Unveiling the Truth About Today's Housing Inventory

While recent national data may seem a bit perplexing, indicating a modest increase in housing supply month-over-month in various parts of the country, it's essential to interpret the numbers accurately. Nationally, housing supply saw a growth of just over 5% last month, as depicted in the map highlighting the states experiencing this increase.

Are the Days of Limited Inventory Over?

The apparent rise in inventory prompts the question: Is the era of tight housing supply behind us? In short, no. Context plays a crucial role in understanding the dynamics. Despite headlines proclaiming an increase in inventory, data reveals that the number of homes for sale remains significantly lower than the levels observed in a more typical market, as illustrated in the graph below comparing the latest active listing counts with those of pre-pandemic years (2017-2019).

Lance Lambert, Founder of ResiClub Analytics, clarifies the situation:

“Housing market inventory is so far below pre-pandemic levels that October's big jump is still just a drop in the bucket.”

What Does This Mean for You?

In the realm of real estate, the hyper-local nature of the market underscores the importance of partnering with a trusted real estate agent. AgentOwned Realty, with its unparalleled knowledge of the Charleston, SC area, can provide insights into the specific inventory situation in your market.

For prospective buyers, there may be slightly more options than in recent months, but the reality of low inventory persists. A skilled agent can share expertise and strategies to navigate the ongoing challenge of low housing supply.

For sellers, the uptick in national inventory doesn't mean you've missed the window of opportunity. While inventory has increased somewhat, it remains low overall and may be even scarcer in your local area.

In Conclusion

Whether you're in the market to buy or sell a home, connecting with AgentOwned Realty ensures you stay informed about the latest trends shaping your move, including the current status of housing supply in Charleston, SC. Trust in the expertise of AgentOwned Realty, your key ally in navigating the dynamic real estate landscape in South Carolina.

If you’re looking for your dream home, or if you need to sell your existing home, we can certainly help, our agents are ready and able! Agent Owned is a full service brokerage that can assist you in getting pre-qualified to loan approval. We can help you with title insurance, home insurance and the warranties you need to protect your most valuable asset. At AgentOwned, we have helped thousands of people buy and sell their homes, we have been in business for over 30 years and know what it takes to get the job done right the first time.