March 2025 Greenville Real Estate Market Update

Nationally, housing activity early this year was impacted by several winter storms across parts of the country that temporarily slowed showings and closings. As weather conditions improve, demand has begun to rebound. Affordability has also improved compared to where things stood over the past few years, as wages have been growing faster than home prices, and mortgage rates remain lower than recent highs. As a result, housing forecasters predict that about 10% more homes will sell in 2026 than in 2025, signaling that more buyers are expected to re-enter the market as the year progresses.

Here in Greenville, we’re seeing some of those same dynamics locally. Homes sold in February were down about 5.4% compared to last year, but home prices have remained steady with slight appreciation. One notable factor right now is the amount of new construction available—roughly 40% of the homes currently for sale are newly built. As we move further into the year, we typically start to see an increase in new listings, homes going under contract, and overall market activity, making strategic timing and preparation increasingly important for sellers.