February 2019 Market Update
If realtors agree on one thing about the real estate market in Greenville, South Carolina, it’s that there’s still a severe lack of inventory. Find out more about the Upstate market in this week’s post.
According to the Greenville Multiple Listing Service, 36% of all homes on the market in Greenville, South Carolina, are brand new or not yet built. With the limited inventory comes rising average prices and shorter times on the market. Biding wars are common.
Since 2015, the average price of a home in Greenville, SC, sold year to date has grown 21%, while the number of homes priced $1 million and over has almost tripled during that time. Still, homes here are still much more affordable than in cities like San Francisco and Boston.
Realtor.com reports the following for Greenville, South Carolina…
- Homes for sale: 1,199
- Median listing home price: $227,500
- Median listing home price/sf: $99
- Median sold home price: $198,000
- Sale-to-price ratio: 98.37%
However, don’t let the current housing market in Greenville, South Carolina, discourage you from getting in the game. Yes, it can be intimidating – especially for first-time home buyers – but a top, experienced realtor can help you navigate through it to find your ideally family home. Trust me … it is out there!