The National Association of REALTORS® reports that existing-home sales in the South fell 3.0 percent in the second quarter but are 2.5 percent higher than the second quarter of 2016. The median existing single-family home price in the South was $229,400 in the second quarter, 6.7 percent above a year earlier. Nationally, the same quarterly report states that home prices jumped 6.2 percent in the second quarter.
The Greater Greenville area saw a 5 percent increase in the sold price for homes from the second quarter of 2017 over 2016. And the number of home sales stayed fairly even with 3,621 home sales in 2016 and 3,629 home sales in 2017. The NAR points out that the increase in the price for existing homes is because supply levels continue low nationally.
According to a new survey from the National Association of REALTORS®, 71 percent of Americans believe that now is a good time to sell their home!
Greenville SC comparison stats for JULY 2016/2017:
|Avg DOM||# Units Sold||Avg Sold Price|
*All information/graphs from the Greater Greenville Association of Realtors® or The National Association of Realtors®.