What’s the Latest From Our Greenville Market?

Our Greenville market is still hot, but buyers have more homes to choose from and sellers have more competition to deal with.

Looking to buy a Greenville home? Click here to search all local homes on the MLS.

Looking to sell your Greenville home? Click here to use our home evaluation tool.

We’re halfway through 2019, and the Greenville market is still very hot. To get a more exact idea of where things stand, let’s look at the latest year-over-year numbers.

First, inventory is up 6%. If you’re a buyer, this means you have more options to choose from. If you’re a seller, you have more competition to deal with, which means you have to price your home accordingly.

The number of home sales have also increased compared to last year, which means more buyers are out and about. The average home price, meanwhile, rose 3%, and it’s getting closer and closer to the $250,000 price point. If you can imagine, the average price for a Greenville home just five years ago was under $200,000. 

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If you’re a buyer, this means you have more options to choose from.

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Lastly, the average days on market for homes has increased as well, which is a reflection of the increase in inventory.

The Greenville market is unique in that it’s busy all 12 months out of the year, but if you look at the average number of home sales per month, the best time to sell is between June and September.

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

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.

Looking to buy a Greenville home? Click here to search all local homes on the MLS.

Looking to sell your Greenville home? Click here to use our home evaluation tool.

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.