The Charleston housing market is showing balanced conditions with stable prices and moderate inventory levels. Home prices have increased 18.3% in the past month alone. With 3.7 months of supply, Charleston's inventory levels remain relatively tight. Homes are taking about 90 days to sell, which is -75 days longer than this time last year. A significant 27.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Charleston market with the affordability index at 31.7. Market projections suggest continued price appreciation in the coming months as demand outpaces supply.
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