[Less is Good] Charleston homes available for sale
Despite Gordon Gekko's famous pronouncement in Wall Street that Greed is Good, when it comes to Charleston homes available for sale, less is good (and better).
A look at the chart below of the last 3 years of Charleston inventory of homes for sale clearly shows that it is trending down. Now of course, there are still far too many homes for sale in the Charleston real estate market and it is clearly a buyers market but at least, inventory is headed in the right direction.
You might also find it interesting that inventory generally builds in the first months of the year and then begins its steady decline over the remainder of the year.
Statistics compiled by Howard Arnoff using the Charleston MLS as the source of data, information deemed reliable but not guaranteed.
