What does the Spring 2023 Charleston real estate market hold for us?Posted by Mike Ciucci on
Hello clients and friends,
Over the last week Dave Samson (CFO within Carolina One) has looked at what is happening with Charleston home sales levels (surprisingly strong relative to our expectations) and what is happening with house inventory (inventory is low and declining as is normal seasonally before it starts to climb some in the spring).
Today I plan to address pricing and the direction that prices are moving.
What is worth knowing in this estimation:
(1) Prices are holding up very well in Charleston. Median sales prices market wide have held steady inside of a very narrow band since last February (12 months) and appear to be poised to hold this trend.
(2) The rate of price increase, measured year over year, has slowed…
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