October 2018 Greater Greenville Real Estate Market

drobertson

6 years ago

October 2018 Greater Greenville Real Estate Market – our local market showed a significant decrease in the number of units sold between August and September. 1,352 homes sold in August and only 1,050 in September. That’s a decrease of 22 percent. The Average Sold Price also suffered a minor decrease of 3%.

According to the NAR existing-home sales in the South decreased 5.4 percent to an annual rate of 2.11 million in September, down from 2.12 million a year ago. The median price in the South was $223,900, up 3.0 percent from a year ago.

Comparison Stats for SEPTEMBER 2017/2018:

Greenville SC Homes Sold	AVG DOM	# SOLD	AVG SOLD PRICE
September 2017	44	1128	$ 221,654
September 2018	44	1050	$ 232,011
Percentage -/+	0%	-6.9%	+4.6%

National Real Estate Market

According to the National Association of Realtors®, all four major regions saw no gain in sales activity last month. Existing-home sales declined in September after a stagnant August.

Total existing-home sales fell 3.4 percent from August to a seasonally adjusted rate of 5.15 million in September. Sales are now down 4.1 percent from a year ago (5.37 million in September 2017). NAR chief economist, Lawrence Yun, says rising interest rates have led to a decline in sales across all regions of the country.

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.