What’s Hot?
Charleston’s market is still moving, just at a slightly different pace. If you’re wondering what’s been going on lately, here’s the scoop:
- Days on Market in Charleston County – 50 days
- Median Sales Price – Up almost 14%
- Average Sales Price – Up 28%
- Market Outlook – Pace is tapering off, but area is still desirable.
Upper Mount Pleasant is seeing slightly different numbers:
- Days on Market in Upper Mount Pleasant – 57 days (right in line with expectations!)
- Median Sales Price – Down 9%
- Average Sales Price – Down 5%
- Market Outlook – Not a crash, just a correction!
What’s Not: Market Challenges You Should Know About
Okay, let’s talk about the bumps in the road. While Charleston’s market is still solid, a few things are making waves:
- Rising Interest Rates – They’re making affordability trickier, especially for first-time buyers who now have to be a bit more strategic.
- Limited Inventory – In some of the hottest neighborhoods, competition is still fierce, which means multiple offers and bidding wars haven’t disappeared just yet.
- Market Correction Talk – Experts predict we’ll see some price adjustments throughout the year, but nothing drastic. It’s just a natural shift after the crazy appreciation we’ve had.
So, while things may not be as wild as they were a year or two ago, the Charleston market is still holding strong—just in a more balanced way.
Investing in Charleston’s Future: Smart Moves & Opportunities
Even with a few challenges, Charleston remains one of the best places to invest. Here’s why:
- People Love Charleston – Our population is growing, tourism is booming, and demand for housing is still strong. That’s great news for property values in the long run.
- Think Beyond the Basics – If you’re an investor, now might be the time to look at commercial real estate, rental properties, or even historic renovations. Diversifying could be your secret weapon!
- Having the Right Guide Matters – Whether you’re buying your first home, selling a property, or looking to invest, Lauren Zurilla and Associates knows the market inside and out makes all the difference.
Thinking About Buying or Selling?
The market is shifting, but that doesn’t mean you have to sit on the sidelines. Whether you’re looking to buy, sell, or invest, I’m here to help you make sense of it all and find the best strategy for your goals.
Let’s talk about what this market means for you and how we can make your next move the right one.
Until next month’s update—happy house hunting, y’all! 