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Greenville, SC Homebuyer's Blog

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.

November 2017 Market Update

November Market Update  

The number of transactions went down for the second month in a row when compared to last year. This month's number of transactions was down .5 % year over year. Last month's inventory of new listings was up for the third month out of the last four so we may see buyers becoming a little more careful and patient. It's still very much a seller's market but we may have seen the peak on their side of the transaction.   

1. Cumulative Statistics
2. October 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 2017 Market Update

October Market Update  

The number of transactions went down for the first time since 2011 when comparing the month to the previous year. I don't expect the number to reflect a trend but you never know until you're looking back. This month's number of transactions was down 2.9% year over year. Last month's increase in inventory was  indeed an anomaly or timing issue as inventory was down this month from the same month a year ago by 10%.    

1. Cumulative Statistics
2. September 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.

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.

 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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