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

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 smccune@cdanjoyner.com