SC realtors closed 9,309 transactions in June 2024. From the moment a contract was signed to the day agents got paid, they waited an average of 62 days (DTC — Days to Close). That is 0.0% versus June 2023. Every transaction represents commission earned but sitting unpaid — and the longer that wait, the bigger the cash flow gap for SC realtors.
June is SC's early summer market — high buyer activity and strong transaction volume. June 2024 DTC held flat at 62 days versus June 2023. Closings dipped 11.3% but prices continued rising. At 62 days, this is one of the faster months in SC's annual cycle — still over two months of commission sitting unpaid.
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 — June 2024 | vs Statewide avg | YoY change |
|---|---|---|---|
| Spartanburg | 30 days | 32 days faster | +7.1% |
| Piedmont Regional | 33 days | 29 days faster | +32.0% |
| Charleston Trident | 35 days | 27 days faster | +25.0% |
| Greater Greenville | 39 days | 23 days faster | 0.0% |
| Greater Columbia | 41 days | 21 days faster | +5.1% |
| Sumter/Clarendon County | 48 days | 14 days faster | -25.0% |
| Pee Dee | 53 days | 9 days faster | -47.5% |
| Western Upstate | 58 days | near avg | -3.3% |
| Aiken | 66 days | near avg | +6.5% |
| Central Carolina | 71 days | 9 days slower | -42.3% |
| Cherokee County | 84 days | 22 days slower | +5.0% |
| Greenwood | 90 days | 28 days slower | -1.1% |
| Greater Augusta | 100 days | 38 days slower | +6.4% |
| Beaufort | 105 days | 43 days slower | +1.0% |
| Coastal Carolinas | 109 days | 47 days slower | -2.7% |
| Hilton Head Area | 144 days | 82 days slower | -10.0% |
Multiply the number of June 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 June 2024 that number reached 577,158 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 June 2024 was $343,000 (+2.0% from last year). At a 3% commission rate that is approximately $10,290 per transaction. That check is sitting unpaid for an average of 62 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.