March was certainly a month that will be remembered in the United States and around the world due to the Coronavirus pandemic. But since you are already overwhelmed with that news everyday, I thought I would give you a quick snapshot of the real estate market in Greenville.
There are currently 2,960 single family homes for sale in the Greenville SC MLS with 38% of those being new or to be built homes. This is a 6% increase of homes for sale vs. last month. During the month of March there were 1,164 home sold for an average sales price of $267,520 which represented a 2.3% discount off list price. Year to date home sales are up 9% vs. the same time period last year.
With all the global turmoil the real estate industry will certainly slow down for the short term. Homes are still being sold and closed but most buyers are sitting on the sidelines waiting for some of this to settle. Mortgage rates remain near historic lows so many homeowners are taking advantage and refinancing their current homes.