Housing Market Update

Posted by Jeremy Russell on Monday, October 30th, 2017 at 11:05am.

Housing Market Update

Greenville and the surrounding Upstate cities have continually been on the rise. As we head into the winter months, we are looking forward to helping more individuals buy and sell homes! There are many advantages to selling in the "off season". By choosing to list your home during fall and winter, you face less competition with other sellers, giving your home the potential to be seen by more buyers! When you list your home during the "off season", you can expect to come in contact with more serious buyers. With fewer transactions taking place, attorneys, lenders, and inspectors, might have the ability to turn transactions around faster - meaning shorter closing times for all parties! Mortgage rates are low at the moment, making it possible for buyers to afford higher priced homes. Take advantage of the market by not waiting to see what happens to rates in the spring and list your home today.

Greenville's growth in popularity can partially be contributed to being recognized by The National Geographic, BuzzFeed, Wall Street Journal, Bon Appetit and many other news sources! More and more people are falling in love with our city, which means the housing market has boomed. With 2017 winding down, let's take a look at how the Greenville housing market and the surrounding Upstate area has performed so far.

Greenville Housing Trend Sept 2016-Sept 2017

From January '17 through September '17, we've seen an increasing trend of homes sold. Statistics show in the chart above that over the last 9 months, 9,626 single family homes and condos have been on the market. The average days on the market is 54 days, and the average price is $226,136. Comparing the housing market to last year's, out of the last 6 months, 2017 has performed better than 2016. We see from the chart below, September 2017 is down slightly compared to last September. 

6-month comparison

 

If you are interested in seeing how much your home is worth, you can find out for FREE HERE! If you want to know more about how you can find your piece of paradise in the growing South Carolina marketplace, feel free to contact us and we'd love to answer any questions and help you find the perfect home for you.

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