August 2018 Greenville SC Real Estate Market

drobertson

6 years ago

August 2018 – The Greenville SC real estate market report shows the number of homes sold has decreased by 8 percent from June to July 2018 with 1,375 units sold in June and 1,263 units sold in July. Not surprising given this is the time when families are finishing up vacation and readying their young ones to transition into another school year. However, the Average Sold Price for homes between June and July increased yet again by 1.5 percent.

A yearly comparison between June 2017 and June 2018 shows an 11 percent increase in the Average Sold Price for homes and a 2 and half percent increase in the number of units sold last year.

Comparison Stats for JULY 2017/2018:

Greenville SC Homes Sold	AVG DOM	# SOLD	AVG SOLD PRICE
July 2017	48	1232	$ 227,640
July 2018	48	1263	$ 252,993
Percentage -/+	0 %	+2.5%	+11%

National Real Estate Market

Nationally, home sales decreased for the fourth straight month in July to their slowest pace in over two years. The West was the only major region with an increase in sales.

The NAR report pointed out that “continuous solid gains in home prices have now steadily reduced demand.” So, would-be buyers are being priced out of the market waiting for prices to fall.

All information/graphs are from the Greater Greenville Association of Realtors® or The National Association of Realtors® and used with permission. All other use restricted.

While representative of market activity, this report may not include all sales brokered by Member firms, and should not be viewed as all inclusive of sales transacted within the referenced time periods.