Greenville Real Estate Recap Through November 2009

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Greenville Real Estate Recap Through November 2009 Close

Greenville Real Estate Recap Through November 2009

Posted by Eddy Kicker on Tuesday, December 1st, 2009 at 8:17am.

The Greenville SC real estate market continues to show signs of recovery. With the announcement of the extension and improvements to the home buyer credit, this should mean continued recovery as we head into the last month of 2009.

Below is a recap of activity based on information from the Multiple Listing Service of Greenville, South Carolina, Inc. for single family residential home sales through November 30, 2009.

  • There are currently 5457 active listings with 840 of these being new homes. The new home inventory is down significantly from 2008 averages.
  • November 2009 home sales were up 11% over November 2008. Average list to sell this November was 95.3% compared to 95.9% last November and days on market was virtually the same.
  • Year to date home sales are down just 18% compared to 2008. This is a significant improvement compared to numbers just a few months ago.

So what does all this mean? There is an excellent inventory of homes available and mortgage rates remain near historic lows. This coupled with the home buyer credit is providing home buyers a great opportunity to purchase homes. The Greenville South Carolina area has weathered the storm better than most major markets and the economy here is solid. Please contact me if you are considering purchasing a home in our area. I would welcome the opportunity of assisting you in exploring our housing market.

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