Inventory is Down 29% vs. 2019

Just the facts, in my opinion

For all the doom and gloom of the shutdown, we only saw a 13% decrease in sales for single-family homes a year over year for April. I think May will be the real litmus test as a lot of the April business was already in the works when the shutdown occurred. Sales are still 3% ahead of last year for single-family homes and the median price is up 5%. Inventory, however, is down 29% vs. April 2019 which I think will bounce back once people are comfortable having showings.

All in all, it's really good news and evidence of what we all hoped and whispered...that Charleston truly does have some insulation. Of course, our beautiful city and its amazing people are to thank for that!

- Thomas D.