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September 2018 Market Update

September Market Update and MLS Statistics!   

There were 1334 closed transactions during August which is a 6.3% increase from August of last year and year to date we are up 7.6%. The numbers continue to be impressive as our market grows, bucking the national trend which has leveled off. The national numbers have been flat all year and the rationale given by the analysts is the shortage of inventory, but I think there is more to it than just the shortage of inventory. When you combine rising interest rates with rising prices and add the shortage of inventory it makes sense. If you're thinking about right sizing or moving up, call me, I can help you with both transactions!
 
 
We at The Buyer's Broker believe the more you know, the more you will want The Buyer's Broker of Greenville to represent you in your next real estate transaction.

August 2018 Market Update

The market closed 1278 transactions during the month of July, which was a 3.7% increase from July 2017. The rate of increase has slowed a little, but we expect 2018 will be another record year.  The national numbers have been flat all year and the rationale given by the analysts is the shortage of inventory, but I think there is more to it than just the shortage of inventory. When you combine rising interest rates with rising prices and add the shortage of inventory it makes sense. If you're thinking about right sizing or moving up, call me, I can help you with both transactions!
 
 
We at The Buyer's Broker believe the more you know, the more you will want The Buyer's Broker of Greenville to represent you in your next real estate transaction.

July 2018 Market Update

July Market Update and MLS Statistics! 

This year's trend of 10% growth has finally come to an end with a year over year increase in July of only 1.3%. The national numbers have been flat all year but our numbers are  on a record pace. The rationale given by the analysts is the shortage of inventory, but I think there is more to it than just the shortage of inventory. When you combine rising interest rates with rising prices and then add the shortage of inventory it makes sense. I expect we will see more moderate increases for the rest of the year but we will still have another record year when it's over. If you're thinking about right sizing or moving up, call me, I can help you with both transactions!
 
 
We at The Buyer's Broker believe the more you know, the more you will want The Buyer's Broker of Greenville to represent you in your next real estate transaction.

June 2018 Market Update

The trend continues as the number of transactions was up 12.5 % year over year for the month of April (1398) and 10.2 % year to date (5446). The numbers nationally are down 1% for the year because of the inventory shortage but we are bucking the trend. I expect the trend to continue and if you are on the sidelines you should be in the game because it's only going to get more expensive over time. If you are thinking about buying your retirement home, sooner rather than later is the smart play. Call me if you would like to discuss it in more detail. I can help you with both transactions!
 
 
We at The Buyer's Broker believe the more you know, the more you will want The Buyer's Broker of Greenville to represent you in your next real estate transaction.

May 2018 Market Update

The number of transactions was up 10.6 % year over year for the month of April and 9.2 % year to date. I'm tired of talking about the inventory shortage and rising prices but it continues, and now we have rising interest rates to add to the pressure on the affordability index. Inflation benefits home owners and if you're thinking about buying your retirement home, sooner rather than later is a smart play. Call me if you would like to discuss it in more detail. I can help you with both transactions!
 
 
We at The Buyer's Broker believe the more you know, the more you will want The Buyer's Broker of Greenville to represent you in your next real estate transaction.

April 2018 Market Update

April Market Update  

The number of transactions was up 3.2% year over year for the month of March and 8.5% year to date. Inventory shortages and rising prices along with rising interest rates is making the Spring market very challenging. If you're in the market, my advice is too pull the trigger as soon as possible because I don't think it's going to get any better during the summer.
 
 
We at The Buyer's Broker believe the more you know, the more you will want The Buyer's Broker of Greenville to represent you in your next real estate transaction.

March 2018 Market Update

The number of transactions was up 10.8% year over year for the month of February and two months in a row of double digit increases makes it a trend. It looks like it will be another record year for our market and although it's not a surprise, the size of the increase is a surprise. Pricing and activity continue to reach all-time highs!
 
 
We at The Buyer's Broker believe the more you know, the more you will want The Buyer's Broker of Greenville to represent you in your next real estate transaction.

February 2018 Market Update

The number of transactions jumped 13.6% to 808 transactions for January year over year. This is another new record for the number of transactions. Inventory was up 9.2 % to 3997 Active Listings which is 3.8 months of inventory, still very challenging. New Home sales were down nationally as rising prices and rising interest rates are having a negative impact on affordability. Ouch!
 
 
We at The Buyer's Broker believe the more you know, the more you will want The Buyer's Broker of Greenville to represent you in your next real estate transaction.

January 2018 Market Update

January Market Update  

The number of transactions jumped 9.7% to 1,061 year over year for the month of December and 3.5% year to date. This is a new annual record for the number of transactions (12,959). Inventory was up 9 % to 3973 Active Listings which is 3.8 months of inventory. We expect inventory to improve in 2018 and new construction will be as hot as 2005.
 
 
We at The Buyer's Broker believe the more you know, the more you will want The Buyer's Broker of Greenville to represent you in your next real estate transaction.

December 2017 Market Update

December Market Update  

The number of transactions jumped 5.6% year over year for the month of November and 2.9% year to date. Inventory was up 12.8 % to 4401 Active Listings. We expect inventory to improve in 2018 and new construction will be back in vogue. I expect buyers to have a few more options than they've had the last couple of years and I expect the migration of baby boomers to the Upstate to increase even more.     

1. Cumulative Statistics 
2. November MLS Statistics
3. Year to Date MLS Statistics 
4. GGAR Expanded Statistics

  
We at The Buyer's Broker believe the more you know, the more you will want The Buyer's Broker of Greenville to represent you in your next real estate transaction.

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 The Buyer's Broker of Greenville * 3501 Pelham Road * STE 202 * Greenville, SC 29615 
  Mailto:Keith.Clark@GreenvilleBuyersAgent.com  http://GreenvilleBuyersAgent.com 
1-800-472-5640 * 864-271-4114 * Fax 864-336-2242

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