As evidenced by the following graphs and stats, the gap between available inventory and sales has been closing.
Condo Data:
- 2008 ratio of sales to listings: 39%
- 2009 ratio of sales to listings: 52%
- 2010 ratio of sales to listings: 73%
- 2011 ratio of sales to listings: 78%
Single Family Data:
- 2008 ratio of sales to listings: 57%
- 2009 ratio of sales to listings: 63%
- 2010 ratio of sales to listings: 74%
- 2011 ratio of sales to listings: 86%
(Data Source: CCAR, Coastal Carolina Assn. of Realtors)
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