What the Q1 Numbers Say About Our Greenville Market

As we move into the second quarter of 2019, our Greenville market is looking stable, and now is a great time to sell.

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Now that we’re into the second quarter of 2019, it’s a great time to look back at the first quarter of our market to see where things stand between buyers and sellers as we move through spring.

To really gauge our market, there are four numbers I like to track: inventory, home sales, the average sale price, and the average days on market. Here’s how each of these numbers stack up compared to the first quarter of last year:

• Inventory rose 6.8% to 4,271 active homes on the market

• The number of sales dropped 1.7% to 2,768 homes

• The average sale price rose 0.9% to $240,398

• The average days on market rose 4.9% to 64 days

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Just a few months ago, the U.S. News & World Report said that 2019 was going to be the best year for home sellers in recent memory.

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What these numbers mean is our market is very stable, and stability is good. Just a few months ago, the U.S. News & World Report said that 2019 was going to be the best year for home sellers in recent memory. Interest rates are still very low, and 20% of all millennials say they plan on buying a home within the year. 

If you want to sell your current home and buy another home, I recommend putting your home on the market first and getting it under contract before looking for your next home. Otherwise, you run the risk of owning (and paying for) two homes at the same time.

If you have any more questions about our Greenville market or you need help buying or selling a home, don’t hesitate to reach out to me. I’d love to help you.