Note: Remember sales were weak in April and May 2020 due to the pandemic, so the YoY comparison is easy. 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 for the entire state:
Closed sales in May 2021 were 9,705, up 35.9% from 7,142 in May 2020.
Active Listings in May 2021 were 11,278, down 54.7% from 24,878 in May 2020.
Inventory in May was essentially unchanged from the record low last month.
Months of Supply was 1.2 Months in May 2021, compared to 3.1 Months in May 2020.