01/10/2025
📢 Charleston Real Estate Market: 2024 Recap & 2025 Outlook! 🏡
As 2024 comes to a close, let’s take a moment to reflect on the Charleston real estate market. Here are some highlights from the year:
✅ Average Sales Price: Up 10.4%! Even with rising inventory and fluctuating interest rates, Charleston remains a top destination.
⏳ Days on Market: Averaging 40 days—a bit longer than the past couple of years but still quicker than pre-pandemic norms.
📊 Inventory: Months of supply increased by 40%, now at 2.8 months. We're moving toward a balanced market, not a reason to worry.
💼 Contracts & Sales: Contracts written were up 2.5%, but closed sales only rose 1.1% due to challenges like due diligence periods, rising insurance premiums, and interest rate fluctuations.
Looking ahead to 2025:
Expect continued inventory growth and a more balanced market.
Prices may rise more steadily, not as quickly as in 2024.
Interest rates will likely remain a wildcard but could stabilize.
Charleston’s real estate market remains dynamic and resilient. Whether you’re thinking of buying, selling, or just staying informed, now is a great time to plan for 2025.
Want to dive deeper or talk about your real estate goals? I’d love to help! Message me or comment below.
Discover the key stats and trends shaping Charleston's real estate market in 2024. Learn how rising prices, inventory shifts, and interest rates are impacting buyers and sellers, plus predictions for 2025.