In September 2023, the Greater Greenville housing market saw a total of 1,697 homes sold, marking an 11.7% decrease from the previous year's figures for the same month. The average sales price for this year showed a notable increase of 6.3% compared to 2022, rising from $362,866 to $385,773. Additionally, the average days a property spent on the market in September this year extended from 27 days, as seen in September 2022, to an average of 40 days.
The list price percentage experienced a marginal decline, going from 98.8% last year to 98.7% this year. The number of houses available for sale in the market increased by 14%, rising from 3,453 in the previous year to 3,935 this year.
Greenville SC Average Sales Price September
Greenville SC Closed Sales September
What it means for you
In September 2023, the Greater Greenville housing market showed a mixed landscape for both buyers and sellers. The number of homes sold decreased by 11.7% from the previous year, offering buyers a slight reduction in competition. However, the average sales price increased indicating a higher price point for buyers. Properties also spent more time on the market potentially allowing for greater buyer deliberation. A marginal decline in the list price percentage may provide some room for negotiation, but an increase in available homes suggests heightened seller competition.
For sellers, the market offers opportunities with higher average prices, but it's essential to be patient and open to negotiation given the extended time properties spend on the market. While the national trend of rising prices is favorable, increased competition locally underscores the importance of effective property presentation.
In both cases, it's crucial to be aware of the national real estate climate, which highlights the ongoing rise in home prices and increased competition, influencing the Greater Greenville market.
At PRODUCER Realty, our property value assessments are directed by the latest information and market trends. We understand that the real estate industry is ever-evolving, and our Expert Advisers are committed to staying updated with the most recent developments to better serve our clients.
If you're considering a move or relocation to Greenville, South Carolina, you've come to the right place. Over the years, Greenville County has grown into a thriving metropolis and is now recognized as South Carolina's economic hub. Alongside a strong economy, you'll find an array of shops, restaurants, a vibrant community, events, art galleries, and various attractions to enjoy.
Call us if you'd like more information about the Greater Greenville, South Carolina, region market. Feel free to get in touch with our team at 864-438-5050 or visit our website at www.GreenvilleRealEstateHub.com.
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