- Blog Archive: May, 2009

- Blog Archive: May, 2009 Close

May 2009

There are 2 blog entries for May 2009.

The real estate market here in the Greenville South Carolina area is continuing to show signs of improvement going into the Summer home selling season. Like the economy as a whole, we expect a slow gradual recovery and anticipate activity returning to typical levels in early to mid 2010.

Below is an overview of activity for Single Family homes here through May 30th 2009. This information is provided by the Greater Greenville Association of Realtors.

  • 6,083 active listings for Single Family homes with an average listing price of $283,605. New/Never lived in homes make up 1,062 of these listings.
  • During the month of May there were 453 homes sold for an average price of $176,852. These homes sold for an average of 95.8% of list price and sold
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I have mentioned before that the Greenville South Carolina area real estate market has outperformed the majority of the other markets in the United States. That trend continues and even though our number of sold homes is down substantially compared to 2008, the signs are there the market is improving.

First time home buyers that qualify have until the end of November to close and take advantage of the $8,000 government sponsored first time home buyer stimulus program. This approaching deadline coupled with the summer selling season will hopefully help us in returning to better sales numbers in our market.

Below is a brief recap of single family home sales for the month of April 2009 compared to 2008.

 

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