Interesting article by Warren Wise with The Post & Courier. In short he states that the median price for a house in the Charleston area is about $400,000, which is up $50,000 over the past year, and $120,000 since the start of the pandemic.
The article goes on to reference my (extremely knowledgeable) Broker-In- Charge, Owen Tyler, who indicates that the market appears to be stabilizing. And by that, he is referring to less multiple offers, more days on market, and less overall transactions. Prices have not leveled off and according to the data, that s not expected to happen in the near future.
The single most important thing to remember when it comes to understanding the market, is that all real estate is local, down to your neighborhood… down to your street. I specialize in this local market, so if I can help answer any questions, please feel free to reach out to me at Jackie@TheCassinaGroup.com.