08/21/2024
The current real estate market in Greenville, SC is showing a healthy balance between supply and demand, with a months supply of inventory at 2.12. This means that at the current rate of sales, it would take just over two months to sell all the available homes on the market.
Over the past 12 months, there has been a slight increase in the months of inventory, with a change of +1.44%. This could indicate a slight shift towards a more buyer-friendly market, giving buyers a bit more leverage in negotiations.
Homes are selling relatively quickly, with a median of 13 days on the market. This indicates strong buyer interest and competition for available properties.
Sellers are also seeing strong returns on their investments, with a list to sold price percentage of 98.6%. This means that on average, sellers are getting almost full asking price for their homes.
The median sold price in this market is $375,000, showing that there is demand for homes at higher price points.
Overall, this data suggests a balanced real estate market with strong demand, quick sales, and favorable returns for sellers. Buyers should be prepared to act quickly and competitively in this market, while sellers can expect a favorable selling environment.
Reach out to me is you are READY to SELL!