Greenville, South Carolina Housing Market Trends
The first quarter of 2017 has ended, so lets review how the housing market in Greenville and the Upstate of South Carolina has done so far. Reports show that new listings are up 3.5% and the time a house spends on the market is down by 24.4 days to a total of 58 days on the market. The Greater Greenville Association of Realtors says, "Sales have held their own in year-over-year comparisons and should improve during the busiest months of the real estate sales cycles ... As the economy improves home sales tend to go up."
According to one survey, homes bought in March of 2016 have appreciated over the year on average by $16,835. The list-to-sold price ratio is up in 2017 in Greenville to 97.67%. Median sales prices have risen to 8.25% compared to that of quarter 1 in 2016.
One statistic shows that in April 2017 there is a 4.7% decrease in homes sold from last April 2016. Meaning, there is not enough inventory to meet buyers demands. For sellers, this is great news! If that makes you curious about how much your home is worth, get an absolutely free market value analysis of your home HERE! If you have any questions regarding the real estate market trends in the Upstate area, do not hesitate to give us a call.