2015 was a great year for home sales in the Greenville SC market with sales up over 11% compared to 2014. Home prices showed appreciation, while interest rates and homes for sale inventory both remained low.
There are currently 3,296 single family homes for sale in the Greenville MLS which is down 15% compared to this time last year. Calendar year 2015 saw 10,386 single family homes sold for an average of $208,224 in an average of 76 days on market. This compares to 2014 when 9,185 homes were sold for an average price of $204,576 in an average of 84 days on market.
My forecast for 2016 is continued growth in homes sold but in single digits, more in the 3 to 5% range. Interest rates will inch up during the year and most likely end 2016 in the range of 4.3 to 4.6%. Please let me know how I can assist you with your 2016 real estate needs.