May is here and Spoleto is back in Charleston! Spoleto will run from May 28th to June 13th with covid protocols in place. Piccolo Spoleto has moved most events outdoors. The Sea Island farmers market and the Marion Square farmers market are back every Saturday morning. There is also live music at the Firefly Distillery each Saturday. Every Wednesday from 4-7pm, join local small businesses and producers on the lawn at Holy City Brewing for a pop-up event. Also, each Wednesday is the Garden Stroll and Wine Tasting at Middleton Place.   On Fridays, try out the Glorious Garden Tours or the 74th Annual Festival of Homes and Gardens.  Activities around the Low Country are starting to pick up again! 
Here is your May schedule of events:
30-2: Lowcountry Strawberry Festival, Boone Hall
1: Vinyl Daze shagging, Johns Island County Park
4-9: Riverdogs Baseball
6: Goose concert, Riverfront Park in N Chas
7: Yappy Hour, Wannamaker Park
7: Charleton Singleton, The Bend
13: Blackberry Smoke, The Bend
13: Paws on the Patio, Burtons Grill
14-16: Stayin’ Alive, 34 West Theatre
15: Motown in the Moonlight, Mt Pleasant Pier
17-23: PGA Championship, Kiawah Ocean Course
21: Hawaiian Luau and Bowl Jam SK8, Charleston Skate Park
21: Symphonic Swing, Chas Jazz Orchestra, Firefly Distillery
22: Historic Landscape and Lenhardt Garden Walks, Drayton Hall
22,23: CSO, Queen Street Playhouse
22: Symphonic Swing, Chas Jazz Orchestra, Chas Music Hall
23: Charleston Sprint Triathlon Series, James Island County Park
25-30: Charleston Riverdogs Baseball 
27: Indigo Girls, The Bend
28: Friends of the Library Big Book Sale, Omar Shrine Auditorium Patriots Point
29: Palmetto Puff with Kings Leaf Cigars, Edmond’s Oast
31: Memorial Day
The Charleston real estate market is still raging on with exceptionally low inventory and multiple offers. Many properties are selling for much more than list price with lots of cash flying around. Through Q1 of 2021, we are up 26% over the same 2020 period in terms of transactions.  2020 was a record year in terms of transactions for Charleston.  Q1 of 2020 was a bit muffled by the pandemic.  Real estate activity hit another gear in May of 2020, and it continued all the way to the end of the year. Median sales price in Q1 of 2021 is up 14.5% over the same 2020 period.  Median sales price is up to $335k now in the greater Charleston area. This crazy sellers market is due in large part to the very low mortgage rates. This led to high demand and eventually to extremely low inventory which has now become a problem for many sellers. People are excited about selling, but they do not want to become a buyer. All of this has caused inventory to hit unforeseeable low levels. We very steadily had around 5,000 homes for sale on any given day between 2015-2019.  That number decreased throughout 2020 to where we stand today, around 1,400 active listings! These dynamics are true in most American cities right now because of the mortgage rates, but especially in Charleston. 
As always, we are committed to providing our clients with an unparalleled level of service whether buying or selling a home. We strive to have our clients feel and experience our commitment to them while helping accomplish their real estate goals. That is truly what it is all about! Please let us know how we can help you!