The housing market has been full of surprises this year, and the latest numbers give us a clearer picture of where things stand heading into fall. From a national perspective, sales have picked up slightly, inventory is climbing, and price growth is cooling. Locally here in Greenville SC, we’re seeing many of the same trends—but with some unique twists that buyers and sellers need to know about.

Let’s break it down by looking at both the national real estate market report and the Greenville, SC housing market update for September 2025.

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National Housing Market Overview

According to the National Association of REALTORS® (NAR), U.S. existing-home sales rose 2.0% month-over-month and 0.8% year-over-year, reaching a seasonally adjusted annual rate of 4.01 million units. This beat economist expectations, which had forecast around 3.92 million units.

Regionally:

• The West, South, and Northeast saw home sales increase.
• The Midwest recorded a decline.

This shows the market is uneven across the country, influenced by local job markets, affordability, and migration patterns.

National Inventory Trends

• Heading into August, 1.55 million homes were listed for sale nationwide.
• That’s 0.6% higher than last month and 15.7% higher than the same time last year.
• This equals a 4.6-month supply of homes at the current sales pace.

This is the highest inventory level since May 2020, which is great news for buyers who have been struggling with limited choices. More inventory means less pressure to bid aggressively, giving buyers more room to negotiate.

National Home Prices

The median existing-home sales price nationwide is $422,400, up just 0.2% year-over-year. That’s a far cry from the double-digit price spikes we saw in 2021–2022. The national market is stabilizing, offering a healthier environment for both buyers and sellers.

Greenville SC Housing Market Update

Now, let’s zoom in on the Greater Greenville, SC real estate market, where conditions reflect some of the national trends but also carry their own local flavor.

Local Sales and Listings

• New Listings rose 6.8%, bringing 2,327 homes onto the market.
• Pending Sales dropped dramatically, down 39.2% to 867 homes.

This combination of rising listings and fewer pending contracts shows buyers have more breathing room. Unlike the frenzy of the past few years, buyers in Greenville can now take their time exploring different properties.

Local Inventory Levels

• Inventory jumped 44.8%, climbing to 6,540 homes available.
• Absorption rate rose 38.2% to 4.7 months.

While this is still below the 6-month benchmark of a fully balanced market, it’s a clear sign Greenville is moving toward more balance. Sellers are no longer in complete control—buyers have more negotiating power, especially on homes sitting longer than average.

Greenville SC Home Prices

The median sales price increased 1.3%, reaching $324,250. Compared to the national 0.2% increase, Greenville is still seeing slightly stronger appreciation. This reflects the area’s ongoing appeal—our region continues to attract new residents thanks to affordability, quality of life, and strong job growth.

Days on Market

Days on Market rose 8.9%, bringing the average to 49 days. Homes aren’t flying off the shelves like they were in 2021, which means sellers must adjust expectations. Instead of multiple offers in 24 hours, a realistic timeline in today’s Greenville market is closer to 1–2 months.

What it means for you

For Buyers

• More choices: With inventory at its highest in years, buyers in Greenville and across the country finally have options.
• Negotiating power: Sellers are more willing to consider concessions or price adjustments.
• Steadier prices: While Greenville prices are still rising modestly, the pace is much slower and more manageable.

If you’ve been waiting for the market to cool off before buying, now may be your chance.

For Sellers

• Homes are still appreciating, but the pace is slower.
• Overpricing is risky: With more listings to choose from, buyers are quick to pass over overpriced properties.
• Marketing matters: Professional photos, staging, and online exposure are crucial to stand out in a competitive market.

The key takeaway for sellers? A smart pricing strategy is your best friend right now.

A Market in Transition

The September 2025 housing market reflects a shift toward balance. Nationally, more inventory and slower price growth are creating healthier conditions for buyers and sellers. Locally in Greenville SC, inventory is climbing, sales pace is slowing, and price growth is modest but steady.

For buyers, this is an opportunity to explore homes without the fear of missing out. For sellers, it’s a reminder that strategic pricing and marketing are more important than ever.

At PRODUCER Realty, we help our clients navigate these shifts with confidence. Whether you’re looking to buy your first home, sell your current property, or invest in real estate, our team is here to guide you every step of the way.

Call us today at 864-438-5050 or schedule a call with us here to discuss your real estate goals in the Greater Greenville SC housing market.