Greenville South Carolina Real Estate Market Update

The first quarter of 2007 is over and it is time to take a look at the Greenville South Carolina Real Estate market and compare it to the performance of the first qua...

Greenville South Carolina Real Estate Market Update Close

Greenville South Carolina Real Estate Market Update

Posted by Eddy Kicker on Sunday, April 1st, 2007 at 9:34am.

The first quarter of 2007 is over and it is time to take a look at the Greenville South Carolina Real Estate market and compare it to the performance of the first quarter of 2006. After a slow start this year, home buying activity in the Greenville area has picked up and home prices have stabilized.

  2006 1st Quarter 2007 1st Quarter
Listings Sold 2025 1854
Average Sales Price $177,512 $177,011
Average Days On Market 94 90
Current Active Listings   4901

New home inventory continues to rise slightly and the average sales price of new homes is substantially higher than existing home sales.  The largest number of new homes are in the Simpsonville and Greer areas.

  • 397 New Homes sold in first quarter
  • Average Sales Price $248,289
  • Current inventory of new homes is 1350
  • Average list price for new homes is $310,975

The Greenville South Carolina Real Estate market historically averages 3% appreciation per year which is a sustainable growth number.  Current homes for sale inventory is typical for this market compared with the past 5 years.

If your next move is to the Greenville SC area, please contact me for additional information about our area and experience the benefit of working with a Relocation Specialist.  You can search all the homes for sale in our area on my web site and get overviews of the different markets that make up Greenville South Carolina Real Estate.

 

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