August 2026 Greenville Real Estate Market Update

The housing market continues to adjust as more homes become available across the country. Nationally, sellers are listing their homes for about 2.5% less than a year ago, marking the eighth consecutive month of declining list prices. This doesn’t necessarily mean home values are falling everywhere; instead, sellers are becoming more realistic about where to price from the beginning rather than starting high and relying on multiple price reductions. New construction is also creating opportunities for buyers, with builders cutting prices more than resale sellers for the second straight quarter and offering mortgage rates that average about 0.75% below the broader market.



Mortgage rates, meanwhile, are expected to remain relatively close to their current range, with the possibility of moving slightly higher as inflation remains above the Fed’s target. While today’s rates can still feel high compared with the COVID years, rates below 5% have actually occurred only about 20% of the time over the past 30 years. Longer term, expectations are that rates will generally remain in the 5.5%–7% range. There was also encouraging news for housing affordability: beginning in 2027, new restrictions will limit the number of single-family homes that large institutional investors can purchase.