We are almost halfway through 2011 and the Greenville SC real estate market is still trying to find traction. Our area has fared much better than most markets in the United States but we still find our homes sold YTD about 15% behind the same time period in 2010. Interest rates remain low and have dipped slightly in recent days.
Below is a recap of activity based on information from the Multiple Listing Service of Greenville, South Carolina, Inc. for single family residential home sales for May 2011.
- During the month of May there were 501 single family residential homes sold for an average of price of $170,375. This represented an average discount off list 5.6%. These homes sold in average of 116 days on market.
- Currently there are 5,833 single family homes for sale in the Greenville SC MLS with 667 of these being To Be Built/New Never Lived In.
Greenville is a great place to live and is a vibrant community. There have been recent announcements of major construction projects in the downtown area that continues to grow and be the crown jewel of our area. Please let me know if a move to the Greenville area is in your future. Relocation clients are my specialty.