Is the Charleston Real Estate Market Normalizing?Posted by Mike Ciucci on
Great News for Our Local Charleston Real Estate Market
This graph is terribly difficult to view, so PLEASE DOWNLOAD THE PDF HERE TO VIEW. Let me first state that the average normal market sees a 6 month supply of homes on the market. That means, with no new homes coming on the market- it would take 6 months for the current inventory of active homes to sell.
Basically, what this chart is showing is that there is a price range from $0 to $399,000 that have a 6 to 7 month inventory. But I thought the real estate market in Charleston was gloomy? That couldn't be further from the truth. The market here is beginning to normalize.
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