Two things stand out to us when we look at longer term trends and the two graphs below…
1. Our local housing market is currently appreciating around 4% (compounded continuously) which is a balanced, healthy appreciation rate that can sustain itself.
2. We still have a housing/ inventory shortage of homes for sale in the Charleston area. Note the excessive inventory levels of 2008-2011. The supply was much higher than the demand. That is not the case today as noted with the high number of people moving to the Charleston area.
