The Big Picture: Inventory on the Rise

March 2026 Market Update

The most significant trend this March is the continued growth of housing inventory. Greater Greenville saw a 21% increase in homes for sale compared to last year, bringing the total number of available units to 5,614.

This influx of options is reflected in the Months Supply of Inventory, which rose 12.1% to 3.7 months. For context, a 6-month supply is typically considered a "balanced" market. While we are still in seller’s territory, the needle is steadily moving toward a more neutral environment, giving buyers more breathing room than they’ve had in years.

For Sellers: Prices Hold Steady as Competition Grows

If you are worried that more inventory means lower prices, the data says otherwise. The Median Sales Price in Greenville rose 2.8% year-over-year to $323,950. This follows a national trend where home prices have now increased for 32 consecutive months.

However, sellers should be prepared for a slightly different pace than last year:

• New Listings: There were 2,800 new listings in March, a 7.8% increase from 2025.
• Days on Market: Homes are staying on the market a bit longer, averaging 63 days—an 8.6% increase from the 58-day average last March.
• List Price Retention: Sellers received an average of 98.3% of their list price, a very minor dip from the 98.4% seen a year ago.

For Buyers: More Power, but Affordability Challenges Persist

The surge in Pending Sales (up 13.0% to 1,942) proves that buyers are active and ready to jump on the right opportunities. The combination of lower mortgage rates and higher inventory has created a window of opportunity to be more selective in your home search.

The main hurdle remains affordability. The Housing Affordability Index dropped 5.0% to 96. An index of 100 means a family with the median income has exactly enough to qualify for a mortgage on a median-priced home; at 96, the median income is just shy of that mark, making strategic financing and professional negotiation more important than ever.

The Bottom Line

While Closed Sales saw a marginal dip of 1.1% compared to last year, the overall market remains highly active. We are seeing a healthy transition where buyers have more to choose from and sellers are still benefiting from record-high property values.

Are you curious how these trends affect your specific neighborhood? Whether you are looking to list your property or start your home-buying journey, let's connect to look at the data for your local area.