The real estate market in Greenville continues to be encouraging by many industry standards, as shown in the year over year cumulative statistics below. As you can see from the update as of January 11th, 2019 below, the current active listings for sale year over year are up slightly by slightly over 2%, but are still fairly low. This is a typical seasonal statistic and always picks back up after the holiday season. Inventory has been lower than in past years as more people are moving to Greenville every day, creating a seller's market for many homeowners.
That being said, I always want to reiterate not to be fooled as a seller into thinking there are going to be a line of buyers for every home. It appears that there are a fair number of homes that are taking much longer to sell while the homes that have more appeal still sell almost immediately. NOTE THE AVERAGE DAYS ON THE MARKET FOR CURRENT ACTIVE LISTINGS AT 113 AS COMPARED TO THE AVERAGE FOR SOLD PROPERTIES AT 66. It would be wise to have a good, experienced agent who can guide you through the process of preparing your home to show it's best prior to hitting the market. I always like to have a strong conversation with my sellers so that they can know how to get their home "show ready" before the first prospective buyer walks through the front door.
The average price for a home THAT IS CURRENTLY ACTIVE is DOWN SLIGHTLY YEAR OVER YEAR TO $345,100. Comparing to actual sold properties, the AVERAGE IS ACTUALLY $243,219. The average sold price at the end of 2015 was $194,102, so home prices have certainly done well over the past few years.
Overall though, we are living in a great area and it is hard to not be thankful for that fact!
