The first six months of 2009 are in the books and the Greenville South Carolina real estate market is showing signs of improvement. Interest rates ticked up slightly in June and are currently hovering around 5.25% on 30 year fixed mortgages. A few months ago, our home sales were off about 40% compared to 2008 but that gap has been narrowed to 30%.
The following information concerning single family homes is provided by information obtained from the Greater Greenville Association of Realtors.
- There are currently 5,955 active listings with 1,003 of these being new never lived in homes. Both these numbers are down slightly from the previous month.
- Through June there have been 2,796 homes sold for an average price of $167,679. These homes sold for 4.3% average off list and sold in an average of 103 days. This compares to 2008 when 4,006 homes sold for an average price of $189,394 and these homes sold for an average of 3.5% off list and sold in an average of 94 days.
The average sales price is being influenced by the large number of first time home buyers taking advantage of the $8,000 first time home buyer stimulus program. This program is scheduled to expire the last day of November.
Homes are being bought and sold in the Greenville area and I would welcome the opportunity of working with you to find your new home. Please let me know how I can assist with your home search.