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Greenville, SC Homebuyer's Blog

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.

March Market Update

March Market Update 
This Spring will be remembered for it's Scarcity of Inventory. There are many more buyers than sellers and it's difficult to find the right house for my clients and then when you see it you have to make a decision quickly. I expect the builders to relieve the pressure by ramping up production but with interest rates so low it will be difficult for them to keep up. It won't last indefinitely but it's going to be a real challenge while it does.      
1. Cumulative MLS Statistics
2. February 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.

February Market Update

February Market Update 
There are many more buyers than sellers in today's market and it's becoming very frustrating for me and my clients. The shortage of inventory is one of the unintended consequences of the government intervention in the marketplace. Unfortunately, I expect there to be more side effects in the future and we could be in for a long period of adjustment. It's very hard to predict but I expect prices to begin rising at a faster pace and that's almost never good.          

1. Cumulative MLS Statistics
2. January 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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