December 2018 Greater Greenville Real Estate Market – our local real estate market showed an decrease in the Number of Units Sold (-2.3%) and Average Sold Price (-4.1%) from October to November 2018. Not surprising considering this was the start of the holiday season.
The Average Sold Price from October 2018 ($240,984) increased by 4.6 percent in November 2018 ($229,748).
Comparison Stats for November 2017/2018:
| Greenville SC Homes Sold | AVG DOM | # SOLD | AVG SOLD PRICE |
| November 2017 | 53 | 990 | $ 225,992 |
| November 2018 | 50 | 1062 | $ 229,748 |
| Percentage -/+ | -5.6% | +7.2% | +1.6% |
National Real Estate Market
Despite the fact that pending home sales saw a 0.7 percent drop in November and the current government shutdown, National Association of Realtors® chief economist, Lawrence Yun believes that there are good longer-term prospects for home sales. He states: “Home sales in 2018 look to close out the year with 5.3 million home sales, which would be similar to that experienced in the year 2000. But given the 17 million more jobs now compared to the turn of the century, the home sales are clearly underperforming today. That also means there is steady longer-term growth potential.”
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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.