Do we truly have low inventory? Or is our market just that hot?
If you’ve been paying attention to the real estate market, you know that everyone is talking about low inventory. However, do we truly have low inventory? What do our supply levels mean for you? Let’s talk about it.
I just came back from a seminar, and the leader said there’s no such thing as low inventory. This went against the conventional wisdom, so I decided to pull up some numbers from the Wild Dunes and Isle of Palms markets.
In 2019, we had 320 sold listings. In 2020, we had 502 sold listings, and in 2021, we had 485 sold listings. It turns out that we’ve never had more listings; homes are just selling so quickly that it looks like there’s low inventory.…
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