Q: What Do the Latest Stats Say About Our Market?

According to the latest stats, inventory is dropping and sales are rising in Greenville. 

As you may have heard, the National Association of Realtors recently reported that April saw a 44.5% decrease in new listings. 

What does this mean for our local real estate market? Here are some of the latest stats from our Greenville MLS to help answer that question:

•     New listings in April dropped 17.6% year-over-year
•     Year to date, new listings have decreased just 3.3%
•     Closed sales in April increased 5.1% year-over-year
•     The average days on market is 62—essentially the same as last year
•     The year-to-date average sales price increased from $240,000 in 2019 to $257,020 this year

Demand remains high, and it’s important that sellers keep listing their homes. As the statistics show, this increase in demand coupled with our lower inventory has caused prices to increase. If you live in an area covered by the Western Upstate and Spartanburg MLS, the market numbers are slightly different; however, the general market trends remain the same.  

If you’d like a more in-depth look at what’s happening in your specific area or are thinking of buying or selling a home soon, don’t hesitate to reach out to us. The Upstate Home Team would love to help you.