Existing-home sales fell back for the second straight month in May, as only the Northeast region saw an uptick in activity, according to the National Association of Realtors®.
NAR chief economist, Lawrence Yun, pointed out that the solid economy and job market should be generating a much stronger sales pace but “Closings were down in a majority of the country last month and declined on an annual basis in each major region”. “Incredibly low supply continues to be the primary impediment to more sales, but there’s no question the combination of higher prices and mortgage rates are pinching the budgets of prospective buyers, and ultimately keeping some from reaching the market.” Read more
Comparison Stats for May 2017/2018:
|Greenville SC||Avg DOM||# Units Sold||Avg Sold Price|
|May 2017||52||1243||$ 222,335|
|May 2018||53||1406||$ 244,994|
National Real Estate Market
“This Month in Real Estate”
Knowing the current real estate market conditions can help you decide if you want to list your property or if it is a good time to buy.
This short video from KW® Realty highlights the most recent real estate market conditions in the US as of June 2018.
*Video by KW® Realty.
*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.