A median Greenville home payment has roughly doubled since 2021, while moving from a starter home to a modest step-up home can mean nearly tripling the payment. That lock-in effect is keeping owners from moving, giving new construction an advantage, and creating a market where affordability hurts without necessarily causing a price crash.

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 (973) 479-1267 or by email at smccune@cdanjoyner.com

Nearly half of recent home sales needed a price reduction, and the numbers get uglier the longer a home sits. Sellers below $400K face some of the toughest conditions, while buyers are still negotiating below the reduced price and asking for concessions on top of it.

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 (973) 479-1267 or by email at smccune@cdanjoyner.com

Greenville home prices have now posted back-to-back year-over-year declines, while homes are taking longer to sell and the market is cooling earlier than it used to. August also brought a slight rebound in sales and affordability, but the bigger trend continues to move toward buyers.

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 (973) 479-1267 or by email at smccune@cdanjoyner.com