July 2018 Market Update-Greenville SC

Home sales in the Greenville SC area remain strong and inventory of homes for sale have remained virtually unchanged over the past several months. During the month of...

July 2018 Market Update-Greenville SC Close

July 2018 Market Update-Greenville SC

Posted by Eddy Kicker on Monday, August 13th, 2018 at 11:43am.

Home sales in the Greenville SC area remain strong and inventory of homes for sale have remained virtually unchanged over the past several months. During the month of July home sales were up 5% compared to July of 2017. Year to date home sales are up 7% compared to last year. All signs point to a continued strong market with August home sales projected to be up again over last year.

There are currently 3,220 single family homes for sale in the Greenville MLS with 1,152 of these being new or to be built homes. That means 36% of today's homes for sale inventory is made up of new or to be built homes. During the month of July there were 1,170 single family homes for an average price of $257,646 which represented a 2.3% average discount off asking price. These homes sold in an average of 48 days on market which is about half of the historical days on market of 90. Year to date there have been 7,275 single family homes sold vs. 6,765 for the same time period last year.

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