Surprising Trend with New Listings in Charleston SC and Beyond

For those contemplating a move, staying abreast of the housing market's dynamics is crucial. Get the latest scoop on the current supply of homes for sale, a key factor whether you're in the market to buy or sell.

In the realm of real estate, there are consistent patterns, known as seasonality, that unfold each year. Spring typically marks the zenith of homebuying activity, accompanied by a surge in new listings. The latter half of the year usually witnesses a decline in new listings as sales momentum subsides.

Illustrating this seasonal rhythm, the graph below, drawing on data from Realtor.com, offers a visual representation of the trend, with a particular focus on Charleston, SC:

Examining this graph reveals three notable points:

• The years 2017-2019, represented by the blue and gray lines, adhere to the customary housing market pattern, reflecting normal, seasonal trends.
• A deviation from the norm occurred in 2020 (the orange line), indicating the onset of the pandemic when many sellers halted their relocation plans. While 2021 (the green line) and 2022 (the red line) show a return to a more typical trend, they still exhibit their unique deviations.
• The current year (the black line) stands out as truly distinctive. Instead of the usual steep drop in new listings for this time of the year, the number has plateaued. Surprisingly, there are even more new listings entering the market compared to the same period last year.

What Does This Trend Mean for You?

For potential buyers, the stabilization of new listings is a positive signal. It translates to a consistent flow of options hitting the market, providing more choices for your next home compared to the same period last year. This opens up opportunities to explore diverse homes that align with your preferences.

Sellers, take note that although new listings are deviating from seasonal norms, inventory remains below pre-pandemic levels. Observing the graph, the black line for this year still indicates a lower-than-normal inventory, signaling that there is no dramatic surge, and prices are not on a collision course. With fewer competitors than in a typical year, your property stands a better chance of gaining visibility and attracting eager buyers.

In Conclusion

Whether you're actively seeking your next home or contemplating selling, the current scenario may be the opportune moment to act. If you have inquiries or uncertainties regarding the availability of homes in the Charleston, SC area, connect with AgentOwned Realty, your local real estate experts, to navigate the market trends effectively.

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. 

Each agent has access to a team of qualified professionals from attorneys to mortgage specialists and access to a knowledge base of highly experienced Brokers that can handle any situation. Find the right agent now at: https://www.agentowned.com/all-agents 

To learn more about South Carolina including schools, employment and more see: https://www.agentowned.com/moving-to-south-carolina 

If you’re interested specifically in the Greater Charleston area see: https://www.agentowned.com/moving-to-charleston-sc 

If you’re looking for information about Manning, Sumter and the Lakes Area, see: https://www.agentowned.com/moving-to-manning-sumter 

And if you’re interested in the greater Anderson area see: https://www.agentowned.com/moving-to-anderson