Two Different Markets: One for Buyers, One for Sellers

What’s Really Happening in the Housing Market Right Now?

The real estate market looks a little different depending on where you are. In some areas, buyers are finally starting to gain some leverage. In others, sellers are still calling the shots. So, what does that mean if you’re thinking about buying or selling here in the Upstate? Let’s break it down.

Inventory Sets the Stage

Across the country, we’re seeing more homes for sale compared to the past couple of years. But the amount of growth really depends on location.

• More inventory = more power for buyers. In states with a lot of new listings, buyers have more options and can negotiate a bit more.

• Less inventory = stronger for sellers. In areas where homes are still limited, sellers are likely to see faster sales and fewer concessions.

Prices Follow Inventory

Inventory and prices go hand-in-hand. Where there’s more inventory, prices tend to flatten out—or even dip slightly—because sellers have more competition. On the other hand, in lower-inventory states, prices are still rising as buyers compete for fewer homes.

Time on Market Tells the Same Story

Another big factor is how long homes are taking to sell. In areas with more inventory, listings are sitting longer, which can frustrate sellers and give buyers more room to negotiate. But in tighter markets, homes are still moving quickly, and buyers need to be ready to act fast.

Why Local Expertise Matters

These maps and national numbers give us a snapshot, but real estate is always local. What’s happening in one state—or even one neighborhood—can look completely different just a few miles away. That’s where having an experienced local agent makes all the difference.

Bottom Line

If you’re thinking about buying or selling, it’s important to know where your neighborhood stands in today’s market. Whether you’re trying to figure out if now’s the right time to list your house or what your buying power looks like, we would love to walk you through what’s happening locally and what it means for your next move.