June 2026 Greenville Real Estate Market Update

There has been a lot of discussion recently about rising inventory, slowing sales, and whether the housing market is headed for a correction. The reality is that the market is becoming more balanced. Inventory has been steadily rising across the country for the past four years, and South Carolina is now one of 17 states with more homes for sale than in 2019. While some markets, such as Florida, Texas, and Colorado, have seen inventory rise enough to put downward pressure on prices, South Carolina and Greenville have held up well. Greenville home prices are still up between 1% and 3.1% year over year, depending on the metric used, while closed sales are essentially flat compared to last year.

Another statistic that may generate headlines is that mortgage debt has reached an all-time high of $14 trillion. While that sounds alarming, it leaves out an important part of the story: homeowner equity is also at an all-time high of $34 trillion. In fact, homeowners now hold nearly 71% of their home's value in equity and only 29% in debt, making this one of the strongest housing markets from an equity standpoint that we've seen in decades. This means a wave of foreclosures or a housing crash remains unlikely. Instead, we're seeing a market where buyers have more negotiating power than a few years ago, while sellers who price appropriately and present their homes well are still successfully finding buyers and protecting the equity they've built over time.