The month of January is now complete and I wanted to share some of the numbers with you to give you a feel for the Greenville South Carolina real estate market. The month started off a little slower than normal but picked up momentum toward the end of the month. Comparing January 2008 to January 2007, home sales were down 22% but the average sales price went up from $173,218 to $178,545. Days on market were virtually the same at 90 days.
There are currently 5,423 homes for sale in the Greenville MLS with 1,487 of these being new/never lived in homes. There is good inventory in all price classes and locations in our area.
So what do all these numbers mean? Although January home sales were off against last year, the values in our area are not falling like many parts of the country. Because of our home inventory, it does remain a buyers market but sellers are not being forced to accept ridiculous offers. The average discount off list price remains at 3% which has been our historical number for quite a while.
With interest rates still at very enticing lows, it remains a great time to purchase a home in the Greenville SC area. Please visit my Greenville Home Search to view all the homes for sale here. I specialize in working with home buyers and look forward to assisting you in finding your new home here.