The Mt. Pleasant Market... today.
Welcome news for Buyers. January saw a big increase in new inventory across Mount Pleasant and Buyers can expect that trend to continue through March.
Is this a sign of the market losing steam or just your typical seasonal trends? We're seeing new listings coming online at a greater volume than closings taking homes off the market. The months supply of homes (Inventory) is still under 4 months, well below the industry standard of 6 months for a balanced market and has actually come down even further so that means demand remains very strong.
Be ready to act! If the trend of new listings outpacing closings continue, you might expect prices to cool a bit. However, pending sales for January are 30% higher than this time last year and prices are still rising more than 5%. Regardless if you're a Buyer or a Seller, be prepared to act quickly and assertively because things are moving quickly.