217: The RE market is softening but demand stays stable. For now.

Selling Greenville

Looking at the final data we have for Greenville in Q1 2023, the market is finally starting to see some stability. Some of the data shows potential market softening, but much of it is indicative of strong demand still pushing up prices, pendings, and closings while driving down days of market and affordability. The question now is will mortgage rates go up, down, or stay roughly the same throughout the remainder of the year? That will ultimately determine whether we see demand continue to strengthen or to succombe to some of the softer patterns in the data.
As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at [phone] or by email at [e-mail].