Market Update! July 2025: What Buyers & Sellers Need to Know
- All About Greenville
- Aug 13
- 3 min read
If you've been wondering what's really happening in Greenville's housing market, the numbers are in-and they're telling quite a story. Real estate stats aren't just for industry insiders. They give buyers, sellers, and investors the inside scoop on whether it's time to make a move, hold tight, or adjust their expectations. Let's easily break down July's market performance so that it's not a bunch of mumbo-jumbo!
Let's break these numbers down:
Average Days on Market – 48 days ⬆️ 20% from last year! Homes are taking about a week longer to sell than in July 2024. This doesn’t mean demand has vanished—it just means buyers are taking a little more time before making offers. Think of it as the market catching its breath after the past few years of lightning-fast sales.
Percentage of List Price Received – 98.5% ➡️ No change from last year. Despite longer market times, sellers are still getting nearly full asking price. This shows that pricing right from the start still attracts serious buyers willing to pay close to market value.
Average Sales Price – $401,093 ⬆️ 1% from last year. Prices have held steady, with a modest year-over-year increase. This stability suggests the market isn’t experiencing a bubble or a sharp correction, but that it’s finding a balance.
Months Supply of Inventory – 4.7 months ⬆️ 42.4% from last year. Inventory has climbed significantly from last summer, giving buyers more options to choose from. However, with less than 6 months of supply, Greenville is still technically in a seller’s market, just a less frenzied one.
Closed Sales – 1,629 ⬆️ 3.2% from last year. The number of homes sold in July was higher than last year, which means buyers are still out there making moves despite higher days on market and more listings to sort through.
What Does this Mean for the Market, & What Can You Do?
Buyers:
You have a bit more breathing room than last summer. Homes are taking a little longer to sell, and inventory is up, though with 4.7 months supply we're still technically in a seller's market. This means you have options, but competition is still present, especially for well-priced homes.
My Tips:
GET PRE-APPROVED:I cannot stress this one enough, it gives you the knowledge to better prepare your budget, as well as gives you leverage in negotiations.
Don't shy away from homes that have been on the market for a while, they may be ready to make a deal.
Sellers:
Your home is still likely to sell close to asking price, but the days of lightening-fast sales might be cooling off. Pricing competitively and accurately, and presenting your your home in top shape will help you stand out in a growing pool of listings.
My Tips:
Stage your home and price it strategically from the start
Be prepared for showings to stretch over a few weeks rather than a few days
Investors:
Steady prices plus rising inventory means more potential opportunities to negotiate. The increase in days on market could also signal more motivated sellers, which is something to keep an eye on if you're looking for a deal.
My Tips:
Watch the inventory trends closely, higher supply can mean better buying conditions
Analyze rental demand and pricing before jumping into a purchase.
My Take on What This All Means for YOU:
July's numbers show a market that's still strong but slowly shifting towards more balance. Prices are holding, inventory is climbing, and buyers have a little more negotiating power. Staying informed is always the key to making smart real estate decisions in the Greenville Market, and now you're one step ahead!
Whether you're a buyer, seller, or investor, the right strategy can make all the difference in today's market. Give me a call or shoot me a text and we will get put together a personalized game plan for you!
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