February 2019 Greater Greenville Real Estate Market

FEBRUARY 2019 Greater Greenville Real Estate Market – January 2019 saw a sharp decrease of 33.7 percent in the total number of units sold between December 2018 and January 2019. However, there was a 1.3 percent increase in the Average Sold Price.

Existing-home sales in the South dropped 1.0 percent to an annual rate of 2.08 million in January, down 8.4 percent from last year. The median price in the South was $214,800, up 2.5 percent from a year ago.

Comparison Stats for JANUARY 2018 / 2019:

Greenville SC Homes Sold AVG DOM # SOLD AVG SOLD PRICE
JANUARY 2018 57 814 $231,359
JANUARY 2019 65 655 $242,462
Percentage -/+ +14% -19% +4.7%

National Real Estate Market

According to the National Association of Realtors®, Existing-Home sales experienced a minor drop for the third consecutive month in January. Of the four major U.S. regions, only the Northeast saw an uptick in sales activity last month. Total existing-home sales decreased 1.2 percent from December to a seasonally adjusted annual rate of 4.94 million in January. Sales are now down 8.5 percent from a year ago (5.40 million in January 2018).

NAR’s chief economist, Lawrence Yun, points out that the market is still suffering from an inventory shortage. “In particular, the lower end of the market is experiencing a greater shortage, and more home construction is needed…”

Read more

February 2019 Greater Greenville Real Estate Market - NAR Existing-Homes Dales January 2019

February 2019 Greater Greenville Real Estate Market - NAR January 2019 Housing Snapshot


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.

January 2019 Greater Greenville Real Estate Market

November 2018 Greater Greenville Real Estate Market

November 2018 Greater Greenville Real Estate Market – Greenville’s local market showed an increase in the Number of Units Sold (+3.6%) and Average Sold Price (3.8%) from September to October 2018.

Also, as the following table shows, the Number of Units Sold has increased by over 8 percent and the Average Sold Price over 5 percent from October 2017 to October 2018.

Comparison Stats for OCTOBER 2017/2018:

Greenville SC Homes Sold AVG DOM # SOLD AVG SOLD PRICE
October 2017  51 1004 $ 229,374
October 2018 48 1088 $ 240,984
Percentage -/+ -5.8% +8.3% +5%

National Real Estate Market

According to the National Association of Realtors® chief economist,Lawrence Yun, increasing housing inventory has brought more buyers to the market. “After six consecutive months of decline, buyers are finally stepping back into the housing market,” he said. “Gains in the Northeast, South and West – a reversal from last month’s steep decline or plateau in all regions – helped overall sales activity rise for the first time since March 2018.”

Existing-home sales in the South rose 1.9 percent to an annual rate of 2.15 million in October, down 2.3 percent from last year. The median price in the South was $221,600, up 3.8 percent from a year ago.

Read more

November 2018 Greenville SC Real Estate Market - NAR Existing-Home Sales October 2018

November 2018 Greenville SC Real Estate Market - NAR October 2018 Housing Snapshot


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.

November 2018 Greater Greenville Real Estate Market

September 2018 Greenville SC Real Estate Market

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.

Read more

August 2018 Greenville SC Real Estate Market - NAR August 2018 Existing-Home Sale Infographic

August 2018 Greenville SC Real Estate Market - NAR August Housing Snapshot

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.

June 2018 Greenville SC Real Estate Market

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

June 2018 Greenville SC Real Estate Market - NAR Info-graph for May 2018 from the NAR.
The Greater Greenville real estate market for May 2018 shows a significant increase over April 2018. Greenville saw a 22 percent increase in the number of homes sold and a 4 percent increase in the Average Sold Price between April and May.

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
% Inc/Decrease +1.9% +13.1% +10.1%

National Real Estate Market

June 2018
“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.

June 2018 The Greater Greenville SC Real Estate Market

About Us

Carolina Mountain Real Estate is a boutique real estate firm where every decision is centered on developing personal relationships based on honesty, integrity and real estate professionalism. We offer a seasoned sales and listing staff with a combined total of 50+ years of experience.

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3598 Highway 11, Suite 108
Travelers Rest, SC 29690
 
 

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