What Is Happening in Your Greenville Market?

Today I want to share our latest market numbers and help you decide if it is a great time to buy or sell.

Looking to buy a Greenville home? Click here to search all local homes on the MLS.

Looking to sell your Greenville home? Click here to use our home evaluation tool.

I was recently on “Your Carolina with Jack & Megan” to talk about the market, and if you're thinking about buying or selling, you won't want to miss this episode—which you can follow along with above as we discuss the latest developments in our market.

The first statistic we should consider is inventory, also known as the supply. When the market slows down, supply typically rises. Currently, we're still seeing supply decrease with a 2.7% decrease compared to this time last year. This indicates that it is still a strong market.

The average days on market (the amount of time it takes a home to sell) is another key indicator of overall market conditions. Currently, the average number of days on market is down about 3%, which means that we are still seeing a strong market, even though some people are saying it is slowing.

The numbers don't indicate a slowing. In fact, the average price of a home is still going up. We are up 8.4% from this time last year with a price of $245,000. It is still a seller's market below $250,000. If you put a home on the market that is $175,000 to $225,000, it sells very quickly.

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The great thing about selling now is that there's actually less competition because there are fewer homes on the market.

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