Charleston's real estate market is experiencing a price correction, with values down 15.3% from last year. Home prices have decreased 27.3% in the past month. With 7.8 months of supply, Charleston's inventory levels remain relatively tight. Homes are taking about 87 days to sell, which is -6 days longer than this time last year. Only 10.3% 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 31.3. Based on current market indicators, home prices in Charleston are projected to increase by approximately 58.8% over the next month.