No, home prices are not dropping in Charleston, SC. As of January 2024, the housing market in Charleston has seen an increase in home prices, with a 6.7% rise compared to the previous year. The median selling price of homes has reached $571K. While homes are selling at a slightly slower pace, taking on average 62 days to sell compared to 61 days last year, the market remains robust with prices trending upwards.

Yes, Charleston, SC, offers a compelling opportunity for real estate investors. Known for its historic charm, growing economy, and attractive lifestyle, Charleston presents a robust real estate market with potential for diverse investment strategies. The city's appeal to tourists and residents alike bolsters the demand for both residential and commercial properties. Whether you're interested in purchasing a home, investing in commercial spaces, owning a vacation rental to capitalize on the city's high tourist influx, or launching a career as a real estate agent amidst a dynamic market, Charleston provides a fertile ground for investment. Its continuous growth and the allure of its cultural and natural amenities make it an attractive option for investors looking to diversify their portfolios and capitalize on long-term growth.

In January 2024, Charleston, SC, is characterized as a buyer's market. This is indicated by the sale-to-list price ratio, which stands at 94.99%. In a buyer's market, the supply of homes exceeds the demand for homes, providing buyers with more negotiating power and a wider selection of properties. This market condition suggests that buyers may find more favorable deals, potentially purchasing homes for less than their listing prices.

People are moving to Charleston for a variety of compelling reasons. Charleston, renowned for its rich history, stunning architecture, and vibrant culture, offers an appealing mix of lifestyle benefits that attract individuals and families alike. The city boasts a warm climate, beautiful beaches, and an array of outdoor activities, making it a paradise for those who love nature and outdoor adventures. Charleston's economy is thriving, with growing job opportunities in technology, aerospace, and the hospitality industry, providing a solid foundation for career growth.