Charleston real estate started 2025 on steady ground with encouraging signs for buyers and sellers alike. Year-to-date, transactions are up 1.5% compared to this time last year, while median prices remain strong with a 2.3% increase, bringing the current median home price to about $440,000.

Mortgage rates have dipped back under 6.3%, and the Fed has indicated another rate cut may still be coming later this year. Together, these shifts have already started to bring a bit more activity back into our market over the past few weeks.

At the same time, Charleston’s economy continues to surge forward. Roper St. Francis Berkeley Hospital recently opened a new four-story tower that doubles its capacity and expands services into ICU, cardiology, neurosurgery, and orthopedics. This expansion alone is creating 380 new healthcare jobs in our region.

Boeing is also making major moves locally. The company recently secured new Dreamliner orders and has broken ground on a massive 1.2 million square foot expansion in North Charleston. The site is expected to support more than 2,500 construction jobs and eventually add 1,000 permanent positions over the next several years, while increasing Dreamliner production in 2026.

Downtown, Henderson Park and Landmark Properties have acquired land near the College of Charleston for a new student housing project called The Mark Charleston, offering 335 beds across 99 units with high end amenities. In Navy Yard Charleston, 55 new townhomes are planned for Marine Row, with construction expected to begin in 2026.

Strong job growth, major investment, and steady housing demand continue to make Charleston one of the most resilient and exciting real estate markets in the Southeast! If you are curious about what these economic shifts mean for your buying, selling or investing plans, I would love to help you make sense of it all with confidence.

~Roni