We Asked Agents: "Is the Upstate real estate market different than the rest of the U.S.? How?"

Read their responses inside 🕵️‍♀️

The real estate market is so complex, and with its ever-changing landscape, it can be hard to keep up.

On Escape Club’s Real Estate Newsletter, we’re sharing intel on new topics within the industry, from pricing, design and renovation – to issues like the impact of real estate on the environment and gentrification – with an Upstate focus.

After a long, record-breaking run that saw mortgage rates at all-time lows paired with home prices at all-time highs, the U.S. housing market finally started slowing in late 2022.

But does it feel like that Upstate? Yes and no. Though demand has slightly decreased, inventories remain frustratingly low, and bidding wars are still very much on for those turn-key unicorns 2 hours from the city.

At the macro level, things seem to have slowed. (Recommended reading from the NYT: What Is Happening in the Real Estate Market? & What’s Up With the Crazy Housing Market?) But to get a better idea of what’s going on at the micro level, we asked a handful of agents the same question: "Is the Upstate real estate market different than the rest of the country? How?"

Read their responses below.