Lady's Island home sales market report October 2023
Posted by Russ Fielden on
When it comes to real estate, there are several key metrics that buyers should pay attention to in order to make informed decisions. Let's look at the correlations between these metrics to understand their significance.
Firstly, let's consider the "Months Supply of Inventory," which currently stands at 2.6 on Lady's Island. This metric indicates how long it would take for all the available properties on the Ladys' Island market to sell, assuming no new listings are added. A lower number suggests a seller's market, where demand is high and supply is limited. Now, let's examine the "12-Month Change in Months of Inventory," which has increased by +30.65%. This percentage reflects the change in the months of inventory over the past year. A positive change…
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