We are in a unique market.  Depending on the price point and area, you could be in a buyers’ market or a sellers’ market.   A buyers’ market is where the supply of homes is over 6 months. In a sellers’ market there is 4 months and under and a normal market is 5-6 months. 

As of December 2017, in the Greenville market, homes priced up to $300,000 is a sellers’ market.  $300,000-$450,000 is a normal market and over $450,000 is a buyers’ market.  In the Spartanburg market, under $200,000 is a sellers’ market, $200,000 to $300,000 a normal market and over $300,000 a buyers’ market.  However, there is a normal supply of homes in the $400,000 to $450,000 range. 

Greenville MLS

Spartanburg MLS


Looking forward into 2018, sales are expected to be strong due to the pent-up demand.  Builders are putting up homes as fast as they can to meet this demand.  If you are thinking of selling, now has never been a better time.  Sellers under $300,000 in the Greenville MLS and under $200,000 are getting top dollar due to the low inventory.  Depending the amount of new construction coming into the market and the price point of that new construction will be a factor into how long this trend holds true.  Buyers who want to buy a home in this market need to have all their I’s dotted and T’s crossed.  Basically, be a squeaky-clean buyer making a healthy offer to beat out the other buyers they will be competing against.