This report covers Lake Keowee single family homes to include waterfront and off water properties. The report covers activity for May 2023

There were 18 New Listings for the month of May. Down 40% from last May.

Pending Sales are up 31.3% from last year. 

We are at 4.1 months supply of homes. That number is up 36.7% from last May but declined for the first time this year. 

Median Percent of List Price is down 5.5% from last year at 94.5%. This is the lowest it has been year to date. 

Median Days on the Market are at 83 Days. 

Showings Per Listing - There were 3.1 showings per listing in May. Down 22.5%. Trending down since March of this year. 

Bottom Line: The number of new listings is below pending sales, so we will continue to see very low inventory. Although the months supply of available homes is up year over year it declined for the first time this year. For the month of May the number of showings were down to just 3 showing per listing and we also saw the list to sold ratio down 5.5% year over year and it's the lowest it has been year to date. 

If you're a buyer in this market you now have the ability to negotate a better price that you would of otherwise had in the last few years. The problem is inventory continues to be very low. 

If you're thinking of selling your home in this market it is important to price the home correctly. We are still seeing competition for homes that are price well and are very well maintained. If you would like to discuss the possibilties of selling your home and what the numbers look like, give me a call on my cell and lets begin a conversation. 

Yours to count on, 

Eric - 864-903-5719