Spring is here and the temperature is warming up quickly here in the Lowcountry. There are 2,330 active listings in our local market today and 1,821 homes currently under contract.

The housing supply is still way behind demand. We can’t expect prices to correct until we see a big change in supply or demand. After steadily falling over the winter, mortgage rates have started to rise in recent weeks. The recent rise has been driven by what’s happening with inflation. This is concerning to some potential homebuyers as the combination of higher mortgage rates and higher prices have made homes less affordable. You may be wondering if now’s the right time to buy or if you should hold off on your search until rates come back down. If you stay the course, you’ll likely face less competition amongst other buyers to secure your home. There is always an option to refinance later. 

Reach out to me to explore your options.

The Charleston Economy 
There has been tremendous job growth with many new companies moving to the Charleston area. Volvo is looking to add 1,300 new jobs for a fully electric SUV to be produced in Ridgeville. Work has begun on a $300M battery plant in Colleton County that will bring 575 new jobs to the area. Boeing’s workforce in North Charleston grew by about 950 jobs in 2022. Now, the City of North Charleston is in search of a master developer to own and plan a 70-acre waterfront development on the north end of the former Navy Base. The new Top Golf entertainment facility is officially open in North Charleston and is booming. I recommend booking your bay ahead of time.

_____________________ ____Current Median Prices

___• Summerville: $367K__________________• Mount Pleasant: $700K
___• Goose Creek: $306K________________ _• James Island: $385K 
___• Moncks Corner: $367K______ __ ______• West Ashley: $409K
___• Hanahan: $362K___________________ __• Charleston: $520K
___• North Charleston: $290K_____ ________• Downtown Charleston: $1M

Stay tuned for your market updates and follow me on Facebook for a live update every Friday!

Looking to buy a home? Visit thatSCrealestatechick.com to find available homes in the area. Are you or someone you know looking to list their home? Call us at (843) 297-1935 for a consultation.
We are happy to help with your real estate needs!

Coming Events:

March 1-5
Charleston Wine and Food Festival 
- 635 Rutledge Ave #101, Charleston -

March 2
Gladys Knight
- North Charleston Performing Arts Center -

March 3
Charleston Remodeling Expo
- Charleston Area Convention Center -

March 11-12
Billy Strings
- North Charleston Performing Arts Center -

March 11
St. Patty’s Day Block Party & Parade
- Old Village, Park Circle -

March 15-April 16
Festival of Houses & Gardens
- Details Here -

March 16
Third Thursday: Youth Art Month
- Hutchinson Square, Summerville -

March 19
Oyster Roast
- Firefly Distillery, North Charleston -

March 19
Latin Taste of Charleston
- Exchange Park, Ladson -

March 23
Leader Golf Event
- The Golf Club at Wescott Plantation -

March 24
Charleston Bluegrass Festival
- Woodlands Nature Preserve, Charleston -

March 25
Run Cane Bay Half Marathon
- 1655 Cane Bay Blvd, Summerville -