With the first month of 2015 now completed it is time to see how we have started off the new year with homes sales in the Greenville SC real estate market. Inventory levels remain low and are about 10% lower than January of 2014. Interest rates remain at historic lows and all signs point towards a strong Spring and Summer for home sales here.
There are currently 3,796 single family homes for sale in the Greenville MLS with 814 of these being new never lived in/under construction/to be built homes. During the month of January there were 504 single family homes that closed here for an average sales price of $198,655 which represented an average of 4% off asking price and these homes sold in an average of 99 days on market. This compares to January 2014 when 467 homes closed for an average price of $184,947. So January 2015 posted a 7.3% increase in homes sold and a 7% in average sales price of homes sold. All in all a solid start for 2015.
Are you considering selling your home here? Homes in good condition and priced based on the market are selling quickly. I personally listed a home this past Friday and we were under contract by Saturday afternoon. 24 hours on market. Please let me know how I can assist you with your real estate needs.