The Real Estate Market in Charleston SC May Have A Record Year in 2022

The housing market in Charleston SC looks primed to have a record year in home price growth in 2022. Median home prices in Charleston have jumped by 23.76% in the past two years according to data from Zillow. Now key housing supply metrics and migration trends suggest that there’s still plenty of room for growth in South Carolina’s low country.

Housing Inventory At Lowest Level In Last 5 Years

According to Zillow’s data, Charleston’s total inventory of for sale properties has dropped by a significant margin over the past 2 years. Compared to 2021, total inventory has dropped by -39.67%, which is the 7th highest 1-year inventory decrease out of the top 100 US metro housing marks. Stretch that back 2 years, and you’ll see that Charleston ranks #6 in total sales inventory reduction at -57.68%.