May is here and the gardens are in bloom! The two-week Spoleto and Piccolo Spoleto Festivals will kick off during the last week of the month. This is arguably the greatest arts festival in the United States. There are far too many wonderful events to even list. There’s also the North Charleston Arts Fest and the Charleston Greek Festival. The Charleston Farmers Market is in Marion Square downtown each Saturday starting April 12th. The Mt P Farmers Market is open every Tuesday until October. Concerts on the Green at Freshfields Kiawah are also back each Friday evening. The Riverdogs are at home quite a bit this month too. Here is your May calendar:

1-5: N Chas Arts Fest

2: Carmen Ballet, Gaillard

2: Colour of Music Festival(Bach), I’on Chapel

2: Moonlight Mixer, Folly Beach Pier

3: Cody Johnson and Friends, Credit One Stadium

3,4: Jim Gaffigan, N Chas PAC

6: Melissa Etheridge and Joss Stone, Gaillard

7,14,21,24,31: Sound of Charleston, Circular Congregational Church

7: Alice Cooper, N Chas PAC

9: Hank Williams Jr, Credit One Stadium

9-11: 54th Annual Charleston Greek Festival

10: Awe-Fest, Awendaw Municipal Park

11: 2nd Sunday on King Street

11: Swan Lake, Chas Music Hall

13-18: Les Miserables, N Chas PAC

14: Blooms and Bubbles Garden Tour, Joseph Manigault House

15: Wine on the Piazza, Edmondston-Alston House

16: Dancing on the Cooper, Mt Pleasant Pier

17: Cars and Coffee, Freshfields Kiawah

23: 49 Winchester, Chas Music Hall

24: Keith Urban, Credit One Stadium

24: Lowcountry Splash(open swim in the harbor), Patriots Point

30: Reggae Nights, James Island County Park

The Charleston housing market remains consistent with activity over the past 12 months. Mortgage rates have recently dropped to just under 7%. The Fed had predicted multiple rate cuts for 2025, but they have now backed off any. Year to date, we are down almost 2% in the number of home sales. The Charleston area median sales price is still strong though with a 3.6% increase to $435k. 

The Charleston economy is booming. SHL Medical recently opened a new state-of-the-art manufacturing facility in North Charleston, investing $220 million and creating 300 jobs. The 360k sqft facility will produce SHL Medical’s advanced autoinjectors which treat conditions like obesity, autoimmune disorders and rare diseases. With a key infrastructure project now complete, SC Ports’ busiest container terminal can once again handle three mega container ships simultaneously at any tide, providing expedited logistics and consistent fluidity for ocean carriers calling on the Port of Charleston. The Charleston Airport has launched international service with weekly flights to Bermuda. MUSC will begin planning and construction of a state-of-the-art comprehensive cancer hospital in Charleston.

We are committed to providing our clients with an unparalleled level of service. We strive to have you feel and experience our commitment to you all while helping accomplish your real estate goals. That is truly what it is all about! Please reach out to us if you have any questions or if you are thinking of buying, investing, or selling a home!

Charleston Housing Market Updates and Trends

This content is not the product of the National Association of REALTORS®, and may not reflect NAR's viewpoint or position on these topics and NAR does not verify the accuracy of the content.