Spartanburg, SC housing market

Spartanburg's story this month is a market that is holding, not sprinting. The typical home is worth about two hundred forty-one thousand dollars, up roughly 2.5 percent over the past year. That is real growth, but it is gentle, not the kind of jump that lets a seller name any price and walk away. Look at how long homes take to sell and you see the shift. The median listing sits about fifty-two days before it goes under contract, so buyers have time to think. There are around 660 homes for sale, and only about 200 new listings came on this month, so supply is steady rather than flooding. Here is the number that matters most. Nearly 22 percent of listings have already cut their price, with a median list price around two hundred sixty-seven thousand dollars. That tells me sellers who aim too high are being forced to correct. If you are selling here, price it right the first time. Realistic pricing still sells; wishful pricing just sits and then discounts.