2008: A Year in Review

Greenville SC real estate homes for sale and sold in 2008.

2008: A Year in Review Close

2008: A Year in Review

Posted by Eddy Kicker on Thursday, January 1st, 2009 at 1:41pm.

The New Year is here and I wanted to take a look back at 2008 and review our Greenville SC real estate activity. 2008 was a disappointing year for the United States economy and the housing market suffered across the country. Many areas suffered through record depreciation in housing costs. While the Greenville area experienced lower numbers as for as homes sold, our property values have maintained 2007 levels.

Below is a brief recap comparing 2008 to 2007. These statistics are provided by the Greater Greenville Association of Realtors.

             2008 versus 2007
  2007 2008
Homes Sold 9237 7311
Average List Price $194,787 $193,578
Average Sold Price $188,974 $186,511
Average List to Sell 97% 96.3%
Average Days on Market 85 92

While units sold were down 21%, average sales price, average list to sell, and average days on market remained virtually unchanged. This demonstrates the health of the Greenville housing market and speaks well for our area's economy.

Currently in our Greenville MLS there are 5,509 single family homes for sale for an average price of $276,875. This inventory includes 1226 new/never lived in homes.

I specialize in working with home buyers relocating to the Greenville area from all over the United States. If you are considering relocating to our area, please contact me.

Leave a Comment