Real Estate Update: May 2014

We had another solid month for single family home closings during the month of May and YTD there have been 3,165 homes sold versus 3,225 for the same time period in 2...

Real Estate Update: May 2014 Close

Real Estate Update: May 2014

Posted by Eddy Kicker on Monday, June 2nd, 2014 at 2:48pm.

We had another solid month for single family home closings during the month of May and YTD there have been 3,165 homes sold versus 3,225 for the same time period in 2013. The current homes for sale inventory is up 3.5% over the month of April and average days on market decreased by 7 days. The months of June and July are traditionally the 2 largest months for closings and I expect that do be the case this year.

Below is a recap of activity based on information from the Multiple Listing Service of Greenville SC for single family home sales for the month of May 2014.

  • There are currently 4,575 single family homes listed for sale in the Greenville SC MLS. 772 of these homes are To Be Built, Under Construction, New Never Lived In homes.
  • During the month of May there were 781 single family homes that closed. These homes closed for an average price of $203,984 which represented an average of 3.5% off asking price. These homes sold in an average of 87 days on market.

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