Here’s your professional snapshot of real estate activity across the Lowcountry this month. As we move into late summer, the market continues its steady shift toward balance—still active, but with more breathing room for buyers and strategic opportunities for sellers. Whether you’re a homeowner, investor, or prospective buyer, keeping up with these trends will help you make confident decisions.
Key Developments:
• Median prices up +3.2% YoY, rising from $428K to $442K
• Average Days on Market at 52 days, up ~15% from last year
• Inventory grew another +23% YoY, with ~3.6 months’ supply now available
Market Insight:
Charleston County is holding onto its seller-friendly edge, but buyers have more breathing space than they did in the high-frenzy markets of 2022–2023. Luxury demand remains strong across Sullivan’s Island and Isle of Palms, though homes are staying on the market longer, giving well-prepared buyers an opportunity to negotiate premium properties with less urgency.
Highlights:
• Median home price up +1.1% YoY to $376,200
• Days on Market at 54 days, up ~17%
• Active inventory at ~1,250 homes with ~3.3 months’ supply
Market Insight:
Berkeley County continues its steady path with modest but consistent growth. Goose Creek remains a standout for value, drawing in first-time buyers and investors looking for affordability and long-term appreciation. With inventory expanding, buyers are starting to see stronger negotiating leverage than in recent years.
By-the-Numbers:
• Median sale price up +0.6% YoY to $372K
• Days on Market climbed to 63 days (+13% YoY)
• Months of supply up to 3.8, with listings continuing to build
• Closed sales in July totaled ~260 homes—a 20% decline from last year
Market Insight:
Dorchester County is gradually cooling, giving buyers more time to explore options. Summerville remains a family favorite, but the days of multiple offers within a week are fading. Sellers who set realistic pricing and prepare their homes thoughtfully continue to capture buyer interest, though patience is now part of the process.
Takeaways
• Charleston County: Still seller-leaning, but slowing—moderate price gains, growing inventory, and longer timelines.
• Berkeley County: Balanced with modest growth—buyers gaining leverage with more options.
• Dorchester County: Shifting toward balance—rising supply, longer Days on Market, and fewer closed sales.
What This Means for You
• Buyers – More homes, less rush: You can now shop smart, compare, and negotiate.
• Sellers – Position your home competitively: Price right, market aggressively, and stage to stand out.
• Investors – Goose Creek and Summerville continue to offer solid opportunities for appreciation and strong rental demand.
📞 Want neighborhood-specific insights—like Mt. Pleasant, Goose Creek, or Summerville breakdowns with detailed charts?
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