Keith Clark The Buyer's Broker, Inc.

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Keith Clark

Keith Clark

GREENVILLE, SC
Real Estate Agent
864-420-0262
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Greenville, SC Home Buyer's Blog

July 2019 Market Update

The number of transactions was up 1.2 percent year over year to 1390 units. Year to date we are up 2.3 percent and I expect that trend to continue through the rest of the year. New Listings were up 4.1 percent to 1,824. Inventory grew 26.3 percent to 4,993 listings. Prices moved higher as Median Sales Price was up 5.7 percent to $215,000. Days on Market increased 1.9 percent to 55 days and month's Supply of Inventory is 4.7 as it continues to be a seller's market locally.
Year to Date MLS Statistics GGAR Market 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.

June 2019 Market Update

The number of transactions was up 3.5 percent to 1458 units as we move into the heart of the summer buying season. Year to date we are up 2.5 percent and I expect that trend to continue through the rest of the year. New Listings were up 8.2 percent to 1,995. Inventory grew 27.4 percent to 4,917 units. Prices moved higher as Median Sales Price was up 5.8 percent to $220,000. Days on Market decreased 5.8 percent to 49 days. Month's Supply of Inventory is 3.4 and it continues to be seller's market. 
Year to Date MLS Statistics GGAR Market 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.

May 2019 Market Update

The number of transactions was up 10.8% to 1279 transactions as we move into the summer buying season. Year to date we are up 2% and I expect that trend to continue through the rest of the year. Inventory continues to increase which should ease some of the pressure buyers have been experiencing for several years, except at the median price point, which continues to be a real challenge for buyers. Prices moved higher as Median Sales Price was up 8.5 percent to $216,900. Days on Market increased 7.5 percent to 57 days. Months' Supply of Inventory was up 36.4 percent to 4.5 months. 
April MLS Statistics Cumulative MLS Stats
Year to Date MLS Statistics GGAR Market 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.

April 2019 Market Update

The number of transactions was down 0.3 percent from 1212 units to 1208 units which was a negligible change. Year to date transactions were down 1.7 percent from 2,901 to 2,851, again a very negligible change. There was a significant increase in inventory compared to last year, which may begin to ease some of the pressure on buyers, except it appears most of that the increase is concentrated in the higher price points. 
 
 
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 2019 Market Update

The housing market has proven to be resilient despite predictions of a tougher year for the industry. It is still too early to say how the entire year will play out, but economic fundamentals remain positive. New Listings were up 6.0 percent to 1,452. Pending Sales decreased 58.5 percent to 460. Inventory grew 29.8 percent to 4,444 units. Prices moved higher as Median Sales Price was up 2.6 percent to $200,000. Days on Market held steady at 60. Months' Supply of Inventory was up 35.5 percent to 4.2 months, indicating that supply increased relative to demand.
 
 
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 2019 Local Market Update

February Market Update! 

The number of transactions for January dropped 20 percent from 2018 to 651 units. New Listings were up 6.9 percent to 1,436. Pending Sales decreased 51.8 percent to 502. Inventory grew 24.4 percent to 4,316 units. Prices moved higher as Median Sales Price was up 9.9 percent to $210,000. Days on Market increased 12.5 percent to 63 days. Month's Supply of Inventory was up 25.0 percent to 4.0 months, indicating that supply increased relative to demand.
 
 
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 2019 Local Market Update

New Listings were down 1.4 percent to 860. Inventory grew 14.0 percent to 4,056 units. Prices moved higher as Median Sales Price was up 9.1 percent to $208,305. Days on Market increased 5.2 percent to 61 days. Months Supply of Inventory was up 12.1 percent to 3.7 months, indicating that supply increased relative to demand. Unemployment rates remained remarkably low again in 2018, and wages continued to improve for many U.S. households. It is generally good for all parties involved in real estate transactions when wages grow, but the percentage of increase, on average, has not kept pace with home price increases.
 
 
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 2018 Local Market Update

The number of transactions was up 6.4% over last year and we will set a new record by the end of the year. New Listings were down 7.4 percent to 1,195. Inventory grew 14.9 percent to 4,396 units. Prices moved higher as Median Sales Price was up 5.8 percent to $200,000. Days on Market decreased 3.8 percent to 51 days. Month's Supply of Inventory was up 17.1 percent to 4.1 months, indicating that supply increased relative to demand.
 
 
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.

November 2018 Market Update

The number of transactions for the month of October was 1080, up 7.6 % and YTD 11,610 which is up 6.4%. We are on course to set another new record for the year and surpass 13,000. New Listings were up 1.6 percent to 1,528. Pending Sales decreased 48.9 percent to 530. Inventory grew 16.5 percent to 4,614 units. Prices moved higher as Median Sales Price was up 8.2 percent to $206,945. Days on Market decreased 7.8 percent to 47 days. Month's Supply of Inventory was up 16.2 percent to 4.3 months, indicating that supply increased relative to demand.
 
 
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 2018 Market Update

New Listings were up 8.1 percent to 1,474. Inventory grew 16.9 percent to 4,643 units. Prices moved higher as Median Sales Price was up 9.5 percent to $208,038. Days on Market held steady at 45. Months' Supply of Inventory was up 16.2 percent to 4.3 months indicating supply increased relative to demand. Many observers are pointing to 2018 as the final period in several happy years of buyer demand and sales excitement for the housing industry. The market should continue along a positive line for the rest of the year but rising prices and interest rates coupled with salary stagnation and a generational trend toward delaying the first home purchase may create an environment of declining sales.
 
 
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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