The statistics are in and they are indicative of an active and rapidly appreciating market in the Charleston area. These numbers are telling, but they also do not tell the whole story. While this is the strongest seller's market in recent history, it is also the most competitive the entire industry has ever seen – characterized by dramatically low inventory, both here locally and across the country. Now, more than ever, it is important for Buyers and Sellers to align themselves with an exceptional Realtor® to guide them through this unprecedented time. With very few homes on the market and above-average buyer demand, pricing is being affected almost week-over-week by the activity we are seeing. Buyers are feeling the pinch and are showing characteristic reluctance to overpay – even for homes in excellent condition. However, move-in-ready homes are consistently outperforming the market, while homes that need renovations have seen less success.
