September 2018 Greenville SC Real Estate Market

drobertson

6 years ago

According to the National Association of REALTORS® existing-home sales in the South decreased 0.4 percent to an annual rate of 2.23 million in August, up from 2.19 million a year ago. The median price in the South was $227,900, up 3.2 percent from a year ago.

The August 2018 Greenville SC Real Estate Market report shows that the median sales price for August was $201,425. This is an increase of 3.8 percent from August 2017 with a median sales price of $194,000.

The average sales price actually decreased from July to August. July 2018 reported an average of $253,060 and August 2018 reported an average of $239,391.

1,285 homes sold in July 2018 and 1,352 homes sold in August 2018. That’s an increase of over 5 percent in the number of units sold from July to August.

Comparison Stats for August 2017/2018:

Greenville SC Homes Sold	AVG DOM	# SOLD	AVG SOLD PRICE
August 2017	47	1255	$ 229,342
August 2018	45	1352	$ 239,391
Percentage -/+	-4.2%	+7.7%	+ 4.4%

National Real Estate Market

After four straight months of decline, existing-home sales remained steady in August. August 2018 brought 5.34 million in sales, a median sales price of $264,800, and 4.3 months of inventory. The median sales price is up 4.6% year over year, and inventory is up 0.2% from August 2017. Sales are now down 1.5 percent from a year ago (5.42 million in August 2017).

According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage increased to 4.55 percent in August from 4.53 percent in July. The average commitment rate for all of 2017 was 3.99 percent.

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.