SC realtors closed 7,906 transactions in April 2024. From the moment a contract was signed to the day agents got paid, they waited an average of 67 days (DTC — Days to Close). That is -2.9% versus April 2023. Every transaction represents commission earned but sitting unpaid — and the longer that wait, the bigger the cash flow gap for SC realtors.
April is historically SC's fastest closing month — spring peak drives competitive offers and quick timelines. April 2024 delivered — DTC came in at 67 days, 2.9% better than April 2023. Closings rose 7.2% and prices climbed 5.4%. The spring 2024 market was active and efficient.
Contract-to-close times vary dramatically across South Carolina. The same state, the same month — but agents in different regions wait vastly different amounts of time for the same commission check.
| Region | DTC — April 2024 | vs Statewide avg | YoY change |
|---|---|---|---|
| Charleston Trident | 38 days | 29 days faster | +5.6% |
| Piedmont Regional | 38 days | 29 days faster | +2.7% |
| Spartanburg | 40 days | 27 days faster | -4.8% |
| Greater Columbia | 46 days | 21 days faster | +12.2% |
| Greater Greenville | 48 days | 19 days faster | -11.1% |
| Pee Dee | 55 days | 12 days faster | -44.4% |
| Sumter/Clarendon County | 61 days | 6 days faster | -4.7% |
| Western Upstate | 62 days | 5 days faster | -4.6% |
| Cherokee County | 79 days | 12 days slower | +3.9% |
| Aiken | 82 days | 15 days slower | +20.6% |
| Beaufort | 99 days | 32 days slower | -3.9% |
| Greater Augusta | 103 days | 36 days slower | +1.0% |
| Greenwood | 108 days | 41 days slower | +1.9% |
| Coastal Carolinas | 114 days | 47 days slower | -3.4% |
| Hilton Head Area | 144 days | 77 days slower | +9.9% |
| Central Carolina | 145 days | 78 days slower | +30.6% |
Multiply the number of April 2024 closings by the average DTC and you get a picture of how much earned but unpaid commission is sitting in the SC pipeline at any given moment. In April 2024 that number reached 529,702 agent-days of unpaid commission statewide. Every SC realtor with an open contract is carrying their share of this backlog — and the only way to close the gap before closing day is a commission advance.
The SC median home price in April 2024 was $340,000 (+5.4% from last year). At a 3% commission rate that is approximately $10,200 per transaction. That check is sitting unpaid for an average of 67 days (DTC) from contract signing. As both prices and DTC continue to move, the dollar amount of commission sitting unpaid per agent changes every month.