The real estate year for 2025 in Charleston was one that saw ups and downs and landed at overall stability. The total closed sales for the Charleston Area (Charleston, Berkeley, Colleton, Dorchester) finished with total closed sales of 17,776. This was only a slight gain of 1.7% from 2024. Some of the more notable increases occurred at Downtown Charleston 8.6%, Folly Beach 8.5%, James Island 11.3%, Upper Charleston Peninsula 9.7%, West Ashley 8.4%. The year also included some notable decrease in sales for certain areas including Greater North Charleston -12.1%, Daniel Island -16.4%, Sullivan’s Island -22.5%. Median sales prices for the Charleston Area showed only a slight increase from 2024 of 2.4% at $426,947. Some of the notable increases occurred at Johns Island 4.2% $645,000, Downtown Charleston 4.8% $1,257,500, Lower Mount Pleasant 11.4% $986,000, Isle of Palms 16.1% $1,800,000. Lower median sales prices occurred at Daniel Island -3.1% $1,550,000, Sullivan’s Island -8.5% $4,200,000, Seabrook Island -11.1% $845,000.
Right now, there are positive factors when looking at the real estate market in 2026. We have seen mortgage interest rates stay around 6% to 6.25% for the last three months. It is expected that those rates will stay or even have some reduction. This is nearly a point lower than we had at the beginning of 2025. Inventory increases have continued through 2025. In 2021 we saw historic lows in inventory. We would see increases in the subsequent years, but still low numbers. We saw a sizeable increase in 2024 of 25% and continue the upward trend with an increase of 9% in 2025. The National Association of Realtors have predicted in increase of sales of 14% with a median home price gain of 4%. Those are sizable gains in the housing market.
Specific to William Means, 2025 was a huge success. It was another record-breaking year in total sales following the record-breaking year of 2024. We were honored to represent clients in over 278 home purchases. William Means agents worked diligently to find the homes buyers desired and market sellers’ homes at the highest level. We continued to prioritize serving our clients by giving the most knowledge possible to navigate all aspects of the home buying and selling journey. We have already had a busy start to 2026 with record contracts for January.
If you are ready to buy, sell or just seek knowledge from the market experts, our agents would be happy to assist you.
