Fall 2025 Market Update

As we head into 2025's third quarter, we are sensing a disconnect between the realities of our housing market and what the public is feeling. What have you heard about the housing market? Have you seen headlines saying prices are falling and inventory is growing? Do you worry that our market is troubled? 

Let us assure you: the only "problem" our local housing market has is perception. Sellers haven't accepted that asking prices need to be compelling to attract the limited buyers who are ready to act. Buyers haven't accepted that prices are holding. While the rate of appreciation has slowed, the median price is still climbing and more units have sold this year than last. Buyers who are waiting it out until the prices come down are seeing the prices hold steady. 

Rising prices, increased insurance costs and taxes, and higher mortgage interest rates have tightened what a buyer can afford, but tight affordability doesn’t mean zero opportunity. Markets are always shifting, and when the general public steps aside, prudent buyers and sellers can step in to seize the opportunity. Our housing market isn’t in trouble — it’s just stabilizing. We are coming down from the "sugar high" of 2021-2023 and returning to normalcy. People still need a place to live, and Charleston is still a place where a lot of people want to live. 

You can trust us to shoot straight with you like we've been doing since 1991 when Dede started our team. If prices start falling, we will advise our buyers and sellers accordingly, but for now it's not the case.