March 2025 Market Statistics

Compared to March 2024, closed Sales are UP $22.8%, New Listings are up 15.7%, and Pending Sales are up 24.8%. Average days on market crept up just a bit to 52 days on market compared to February 2025 (50).

Inventory is also up 14.2%. (1)

Average Sales price is -1.9% lower than March 2024 ($315,972) and -3.4% lower than February 2025 ($320,508). Month’s supply of inventory remains unchanged compared to 2024. (1)

The slight dip in sales price doesn’t give me concern and the other data points are all indicators of a healthy market. Many folks are coming to terms with the higher mortgage rates, which seem to be a permanent fixture for the foreseeable future. General Market Volatility has caused a bit of stand still for many, these pending tariffs another point of concern for many on their potential effects to the economy as a whole.

Source: Spartanburg Association of REALTORS, Monthly Indicators: March 2025. https://scr.stats.showingtime.com/docs/mmi/2025-03/x/MarketActivityfortheSpartanburgAssociationofREALTORS®?src=page

Felicia Page, Published May 1, 2025