05/26/2026
Charleston real estate sales were a bit better in the Jan-Apr 2026 period than the same 2025 period. We were up 3% in transactions and the median price of closed sales was up 1.8%. Right now the median price of homes and condos in Charleston is about $447k. Condos make up about 25% of our market. The median price of single-family homes only is naturally a bit higher at $478k. It’s a bit early in the year to make predictions yet. The Fed did cut the rates one more time in early December. Unfortunately, inflation has ticked up a good bit and it is unlikely that there will be any more rate cuts for the foreseeable future. But we do have a new Fed Chair and he supposedly leans more towards cutting rates. Time will tell.
Meanwhile, the Charleston economy is doing well. Charleston-based Bittermilk announces $8.2M investment in Ravenel facility. It will create 12 new jobs. The Medical University of South Carolina has entered a partnership with Revival Healthcare Capital, an investment firm focused on medical devices. The Duke Endowment and the Medical University of South Carolina have partnered to form an initiative across North and South Carolina to strengthen maternal and infant health outcomes. The Duke Endowment commits more than $13 million to initiative. Odd Duck expands to three Lowcountry locations including Charleston and Summerville.. Their concept blends upscale bodega, cafe and local products. Ascenda Capital acquires 232-unit Bryant at Summerville for $51.5M. This marks firm’s first investment in the Charleston-area
market. Berkeley County opened part of the $10.5 million Berkeley County Waterfront Park on Friday with six boat ramps and 180 boat
trailer parking spots open to the public. The full Berkeley County Waterfront Park is expected to open after June 12.