G
reenville's apartment market remains competitive despite a 1.45% increase in supply over the past year. According to a recent study by RentCafe.com, nine renters vied for every available unit in the city, matching the national average. The occupancy rate held steady at 93.2%, just below the national average of 93.7%. Apartments were filled in an average of 37 days, two days quicker than the national average.

    The study also found that 60.6% of Greenville apartment renters renewed their leases over the past year, compared to 62% nationwide. The competition was even fiercer in smaller metros, with Portland, Maine, leading the nation with 22 renters vying for each available unit.

    A unique property has hit the market in Greenville - a bunker-style home built into the earth, complete with an airplane hangar and grass airstrip on 20.75 acres of land. The property is listed for $2.1 million and features three bedrooms, three baths, and 2,015 square feet of living space.

    In other real estate news, Patti Tiffin has been named broker-in-charge at Keller Williams Greenville Upstate. She brings over 15 years of experience as a real estate agent to the role. Other recent hires include Amanda Alonso, Carson Abercrombie, Kaitlyn Murphy, and Hunter Hurst at Keller Williams.

    Meanwhile, construction spending dipped nationally in August, but economists are optimistic about the industry's future due to lowered interest rates. The decline was driven by drops in private residential and nonresidential categories, although lower interest rates should eventually bring a turnaround in activity.