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It’s been a little bit since we’ve done a market update, so we wanted to give you a look at what’s happening here in the Greenville area. Here’s a quick snapshot of what to expect through the rest of the year.
The first number we like to look at is inventory. We are down about 7% from this time last year if you look at the number of available homes. We have about 5,000 units on the market right now, which is actually less when you factor in that 1,200 of those homes are on contingent contracts.
The average price of a home in Greenville is $325,000. The average home sale price, however, is $209,456. This number is up 3.3% from last year. The number of homes sold has risen by 8.8% as well. We have sold 5,978 so far this year.
We are very much in a seller’s market.
Another key indicator we like to keep track of is the average days on market, or how long it takes a home to sell on average. Last year, our average was 81 days. This year, we are seeing an average of 69 days, a 15% decrease in the number of days it takes to sell a home on the Greenville MLS.
In a nutshell, that’s where our market is right now. We are very much in a seller’s market, especially in the price points under $250,000. Homes are selling very quickly at those prices and are getting multiple offers as well.
If you are thinking about selling, it’s a great time to do so. If you’re considering buying a home, just know that you’ve got to be prepared to act quickly by getting prequalified for a mortgage. You should also use a search tool like ours where you can get instant notifications about homes that match your specific criteria.
If you have any questions for us, give us a call or send us an email. We would love to hear from you.