Is The Housing Market Really THAT Bad in Greenville SC?

🏡 The Market Is Changing — Here’s What It Means for Greenville Buyers and Sellers

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Lately, I’ve had a wave of calls from both panicked sellers and discouraged buyers.
Sellers are worried the days of 2022’s lightning-fast sales are over, while buyers think they’ve missed their shot at affordability.

But here’s the truth: the Greenville housing market is changing — not crashing.
Here’s what’s really happening and why now could be your best opportunity to move.

🔍 The Real Problem: We Talk in Percentages, Not in Dollars

• The real estate industry often uses percentages like “10% price drop” or “25% inventory increase.” But most homebuyers and sellers don’t think in percentages — they think in real dollars.

• Example: a 10% price drop on a $500,000 home means it’s now $450,000 — that’s real money saved. Understanding the actual dollar impact helps buyers see that homes are more affordable than they might realize.

• A 25% increase in inventory might mean there are 250 home available instead of 200, giving buyers more options and leverage. 

📊 What the Greenville Numbers Actually Show

• The Greenville real estate market is normalizing, not collapsing. Some listings are taking longer to sell and seeing modest price adjustments. We’re seeing average days on market shift from around 20–25 days in 2022 to closer to 45–60 days today.

• Price reductions are happening, but not across the board. Well-priced, well-presented homes are still selling quickly. 

• Inventory is stabilizing. Compared to the frenzy of 2021–2022, Greenville’s available listings have increased to 6000+ homes on the market, but we’re still below historic norms.

• Buyers now have more time and leverage — fewer bidding wars, more negotiation power.

• Sellers can still attract strong offers by pricing strategically and working with an experienced agent.

🌱 Why Right Now Might Be the Sweet Spot

• Many buyers plan to “wait until spring,” but that mindset creates seasonal opportunities for proactive movers.

• Fewer active buyers during the holidays means less competition and better deals.

• Sellers listing now can stand out instead of competing with a flood of spring listings.

• Greenville’s late-year market offers unique opportunities for both sides of the table.

💰 Interest Rates: The Big Talking Point

• Yes, interest rates are higher than they were in 2020–2021 — but those years were an anomaly. Think of it this way: you marry the house, not the rate. 

• The average 30-year mortgage rate in the 1990s was around 8%. Today’s rates are hovering around 7%, which is historically moderate — not extreme.

• Rates can be refinanced later; the right home may not be available later. Waiting for rates to drop could mean paying more for the same home once demand surges again. 

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📈 What the Numbers Tell Us

Here’s the big picture Greenville data trend:

• Median Home Price in 2022 was $385,000, today that median is $365,000, a -5% change over three years. 

• Average Days on Market in 2022 was 25 days, today that average is 55 days. A change of 120%. 

• There were 1,200 active listings in november 2022, that number is 1,550 this year, resulting in a 29% increase. 

• The average interest rate in 2022 was 4.5%, today that rate is 7%, a +2.5 Percent change three years later. 

These aren’t signals of a crash — they’re signs of balance returning to a market that desperately needed it.

🧭 Final Thoughts: Opportunity Is Still Knocking

• The market has shifted, but opportunity hasn’t disappeared — it’s just changed shape.
  
  

• Buyers: act now while competition is low and sellers are more flexible.
  
  

• Sellers: price strategically and highlight value — motivated buyers are still out there.
  
  

• The key to success? Facts, not fear. Rely on accurate data and trusted local expertise.

📞 Ready to Talk About Your Next Move?

Whether you’re thinking about buying your first home, selling your current property, or simply curious about your home’s market value — let’s have a real conversation about what today’s Greenville housing market means for you.