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September 2017 Market Update

September Market Update  

Inventory grew 10% for the month of August compared to last year and that mirrored the 8% year over year growth in inventory from last month. I hope this is a trend and not an anomaly as the real estate market normalizes and we begin to see the movement towards the buyer. The number of transactions was up 8% in August compared to August 2016 and is still in record territory but the months of supply rose from 4.1 to 4.8 months.   

   

1. Cumulative Statistics
2. August 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.

August 2017 Market Update

August Market Update  

Inventory grew 8% for the month of July compared to last year. I'm not sure if that is a result of timing or whether it is a reversal of trend but I'm hoping it's the latter. The number of transactions was only up 2% from last July but it's still an all-time record high for June.   

   

1. Cumulative Statistics
2. July 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.

July 2017 Market Update

July Market Update  

The number of transactions in June (1337) was up by 1.4 % and year to date up just 2.1 % which is a noticeable flattening of the rate of increase. The shortage of inventory is holding the market back and I hope we will begin to see a little cooling off period. I saw an article this week which documented that investors own 23% of all single family homes in the US. What a terrible statistic.   

   

1. Cumulative Statistics
2. June 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.

October 2016 Market Update

October Market Update  

The September numbers continued to be consistent with what has been happening all year. The number of transactions increased 6.5% month over month and year-to-date was almost exactly the same. The shortage of inventory is causing multiple offers and sometimes sales price above listing price. New housing starts last month were at the highest level in four years and some of the inventory shortage should ease sometime next year. (Hopefully)    

1.  Cumulative MLS Statistics
2. September MLS Statistics
3. Year to Date MLS Statistics  
4. GGAR Expanded Statistics
5. GGAR Market Click E-Zine

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.

September 2016 Market Update

September Market Update  

The August numbers are very similar to the July numbers which reflected a slowing of this year's rate of increase in the number of transactions. It will still be a record year in both the number of transactions and the median price. I hope we will see a small increase in the inventory during the fourth quarter but I won't be surprised if demand continues to outpace supply.   

1. Cumulative MLS Statistics
2. August MLS Statistics
3. Year to Date MLS Statistics  
4. GGAR Expanded Statistics
5. GGAR Market Click E-Zine
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 2016 Market Update

August Market Update  

The July numbers show a small slowing of this year's rate of increase in the number of transactions. It's what I expected (and predicted) as some of the pent up demand and increased activity from  low interest rates begins to normalize. I expect we'll see more of the same for the rest of the year. 

1. Cumulative MLS Statistics
2. July MLS Statistics
3. Year to Date MLS Statistics  
4. GGAR Expanded Statistics
5. GGAR Market Click E-Zine

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 Market Update

July Market Update  

The July numbers show a small slowing this year's rate of increase in the number of transactions. It's what I expected as some of the pent up demand and increased activity from  low interest rates begins to normalize. I expect we'll see more of the same for the rest of the year.  

1. Cumulative MLS Statistics
2. June MLS Statistics
3. Year to Date MLS Statistics 
4. GGAR Expanded Statistics
5. GGAR Market Click E-Zine

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 Market Update

June Market Update 

The June numbers reflect more of the same that we've seen since 2012. The number of transactions year to date is up 10% with the median price rising more than 5%. I expect to see a little leveling off of demand during the second half of the year but with interest rates continuing to remain at historic lows the current trend may continue.      

1. Cumulative MLS Statistics
2. May MLS Statistics
3. Year to Date MLS Statistics  
4. GGAR Expanded Statistics
5. GGAR Market Click E-Zine

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 Market Update

May Market Update 

The increase in both existing home sales and new construction permits indicates there is great confidence in the housing market right now. In fact, each month adds to the year-to-date record in the number of transaction. I expect that confidence to continue in the short term but also expect it to subside when interest rates start normalizing.  
     
1. Cumulative MLS Statistics
2. April MLS Statistics
3. Year to Date MLS Statistics  
4. GGAR Expanded Statistics
5. GGAR Market Click E-Zine

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 Market Update

April Market Update 
The number of transactions monthly and year to date hit an all-time high for the month of March. This is the sixth year in a row of increases and even though prices have not returned to pre-downturn levels in all areas, the median price of a home is higher today than it was in 2006. That seems contradictory on its face but the price of new construction production homes has skewed the number upward. View the Statistics from 2010      

1. Cumulative MLS Statistics
2. March MLS Statistics
3. Year to Date MLS Statistics  
4. GGAR Expanded Statistics
5. GGAR Market Click E-Zine

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.

 Call Keith 864-420-0262


 

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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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