A Sellers Housing Market in Charleston, SC Right Now?Posted by Mike Ciucci on
Where are the Best Areas to Purchase in Charleston?
Yes, you heard it correctly- Charleston, South Carolina is currently experiencing a 'Sellers Market' in some areas of Charleston. Where are the areas? What are the best deals?
Take a look at the illustration below. There are certain areas surrounding Charleston that are experiencing a 'sellers market'. For those that don't know- a balanced housing market in Charleston means that there is a 6 month inventory of homes for sale. This means that if NO new homes came on the market, it would take 6 months for the inventory of homes to sell at the current rate that which homes are selling.
For example, a 10 month supply of homes on the market would mean that it is a Buyers Market. A 4 month supply…
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