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Greenville, SC Home Buyer's Blog

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.

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.

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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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