As we look at the year so far, we see positive trends in the housing market. Through May 2024, transactions have increased by 3.2% compared to the same period in 2023. The median sales price has risen by 3.1%, now standing at $425K. However, there has been a slight decrease in the number of properties going under contract so far this year.

The Charleston area economy is booming. Breeze Airways has introduced seasonal flights from Charleston to New Hampshire’s Manchester-Boston Regional Airport on Mondays and Fridays. A $43M affordable housing complex has opened in Charleston's Eastside, revitalizing the historic Henry P. Archer School into apartments for seniors. Originally built in 1934 as an African-American school, the project now includes 89 one and two-bedroom units. The Charleston Parks Conservancy launched a $125,000 campaign to renovate Colonial Lake, aiming to create a sustainable urban oasis, addressing critical environmental challenges and enhancing community livability over the next two years. In Mount Pleasant, the Shem Creek Shrimp Docks and Shrimp Processing Facility are being rebuilt to preserve local shrimping operations and cultural heritage. The College of Charleston is offering an accelerated Executive MBA program for working professionals seeking to elevate their business careers. Local leaders broke ground on the Tri-County Biological Science Center, a state-of-the-art facility to streamline DNA processing and enhance forensic analysis. This project is the first regional collaboration on DNA testing in state history. 



Charleston was the fastest-growing life sciences metro hub between 2018 and 2022, with a 67% increase in establishments. Allegiance Flag Supply is expanding in North Charleston with a $6.3M investment, creating 84 new jobs. Hand & Stone Massage and Facial Spa has opened in West Ashley under local ownership.