Charleston real estate market report, April 2008 inventory and absorption rate
Inventory increased fairly significantly in the past month after holding steady for the past year. There is record high inventory for both single family homes and condos and townhomes under 600k.
Statistics compiled by Howard Arnoff using the Charleston MLS as the source of data, information deemed reliable but not guaranteed.
The current inventory (inv) column reflects the number of active listings on the market on the 16th day of each month. The months of inventory (mo) column is equal to the current inventory divided by the monthly sales. This reflects how many months it would take to sell out of inventory at the current month's rate of sale. It can also be referred to as the absorption rate.
