National housing data for July 2025 revealed a concerning trend: nearly 15.3% of U.S. home purchase contracts were canceled before closing, the highest July figure since 2017. States like Texas and Florida led the way with large metro areas seeing cancellations above 20%.
But in South Carolina, the story is different. SC market confidence remains strong as homebuyers and sellers continue to move forward despite affordability challenges. While South Carolina did not rank among the top states for contract cancellations, buyers are still writing and closing contracts, and sellers continue to see steady appreciation in home values.
Why South Carolina Stands Out
Resilient Demand: Buyers in Columbia, Charleston, and Greenville are staying active, reflecting the Palmetto State’s growing appeal as a relocation destination.
Balanced Supply: With inventory still tighter than the national average, serious buyers know they need to act quickly.
Seller Opportunity: Even with affordability pressures nationwide, SC home prices are appreciating faster than many regions, showing that confidence in our local market remains intact.
What This Means for You
If you’re a buyer, now is not the time to step back—opportunities in South Carolina remain strong, and competition is steady but manageable. If you’re a seller, the market still favors you, with fewer cancellations locally compared to other parts of the U.S.
Bottom Line
Despite rising cancellations nationally, SC market confidence continues to shine. Buyers and sellers here are proving that the Palmetto State remains one of the strongest housing markets in the Southeast.
👉 Ready to make your move in South Carolina? Contact RMF Realty Team today and let us guide you through a confident home buying or selling experience.
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