I’m tracking data for many local markets around the U.S. I think it is especially important to watch inventory this year.
From the South Carolina Realtors:
Closed sales (attached and detached) in July 2021 were 3,600, down 4.5% from 3,769 in July 2020.
Active Listings in July 2021 were 3349, down 41.9% from 5,763 in July 2020.
Months of Supply for attached was 1.0 Months in July 2021, compared to 1.9 Months in July 2020.
Inventory in July was up 15.3% from the previous month, and up 23.1% from the record low in May 2021.