February 2016 Real Estate Market Update

We had another good month in single family homes sales in the Greenville SC market and homes for sale inventory remains low. Compared to this time last year there are...

February 2016 Real Estate Market Update Close

February 2016 Real Estate Market Update

Posted by Eddy Kicker on Wednesday, March 2nd, 2016 at 11:48am.

We had another good month in single family homes sales in the Greenville SC market and homes for sale inventory remains low. Compared to this time last year there are 623 fewer homes for sale which makes the fact that we are up 5% in homes sold year to date that much more impressive. Interest rates are stable to taking a slight downward movement and should be monitored.

There are currently 3,172 single family homes for sale in the Greenville MLS with 749 of these homes being new/to be built homes. Year to date there have been 1,258 homes sold for an average price of $201,324 which represented a 3.2% discount off list price and sold in an average of 77 days on market. Homes in many segments of our market are selling in 1 or 2 days and buyers need to be prepared to react quickly when new listings come on the market. Please contact me and I can help you stay ahead of the crowd on these new listings.

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