Selling Greenville

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 [email protected]

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 [email protected]

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 [email protected]

Greenville is sitting at 4.3 months of inventory, and the market may be closer to a tipping point than it looks. With prices showing downward pressure, new construction undercutting resale homes, and demand facing serious headwinds, the path toward a buyer’s market is becoming harder to ignore.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 [email protected]

Mortgage rates are moving back toward 7%, and that could put even more pressure on Greenville’s already rate-sensitive market. With affordability getting squeezed, homeowners locked into lower rates, and no clear path to meaningful relief, the slowdown could become much more noticeable heading into fall.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 [email protected]