First 5 Months of 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 for an average of 100 Days on Market.
  • Year to date there have been 2,135 homes sold for an average price of $166,807. These homes sold for an average of 95.6% of list price and sold for an average of 102 DOM.
  • For the first five months of 2009 we are down 34% in home sales compared to the same period in 2008. The average price for homes sold in 2009 is down 10.4% compared to the same period in 2008.
These are unusual times throughout the economy and we feel we have weathered the storm and coming out the other side. Greenville has outperformed the majority of real estate markets in the country and we look forward to increased activity.

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Category: Greenville SC Real Estate
Date: Sunday, May, 31st 2009 @ 11:30:21 AM
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