Home buying activity in the Greenville SC area is slowing down as we come to the end of the current first time home buyer $8000 stimulus program. We are all anxiously awaiting action by congress to extend this program and hopefully add provisions that would include current home owners as well.
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 through October 30, 2009.
- There were 454 homes sold in October 2009 compared to 497 homes sold in October 2008.
- Homes sold October 2009 for an average price of $159,870 which was 95.5% of list price. Homes sold in average of 93 days.
- There are currently 5606 active listings with 853 of these being new never lived in homes.
- Year to date the number of homes sold is down 22% compared to same period from 2008.