Still feels like Summer but we know the Fall weather will be here soon. Presidential election is next week and no matter how you are voting, I am sure we can all agree that we will be happy for the election to be over. Home sales in the Greenville market remained strong with October closings up almost 5% over last year. Year to date we are still up over 6% compared to 2015. Homes for sale inventory is down slightly from last month and will probably stay near the current level for the next 2 months.
There are currently 3,427 single family homes for sale in the Greenville SC MLS with 879 of these being to be built/new construction homes. During the month of October there were 861 homes sold for an average price of $221,782 which represented a 2.7% discount off asking price. These homes sold in an average of 56 days on market. Year to date there have been 9,550 single family homes sold compared to 8,947 for the same time period last year.