Is Greenville’s housing market in trouble? Many people are asking if a crash is coming, but the data shows the market is still strong. Here’s what’s really happening this October.
There are more homes for sale in Greenville this year. Inventory went up by about 14%, and some sellers are lowering prices to attract buyers. But even with more homes on the market, demand is still strong. Many houses in good areas are still selling fast.
Even with more choices for buyers, prices in Greenville are not dropping. The average home price went up 3.5%, and the median price rose 1.6%. Sellers are getting about 98.5% of their asking price. Homes that are priced right and look good are still selling quickly.
Right now, Greenville has about 4.7 months of housing supply. That means the market is getting close to balanced. It is not a seller’s market anymore, but it is not a buyer’s market either. This balance is helping prices grow at a normal pace instead of shooting up too fast.
Greenville continues to grow because of strong job opportunities. Big companies like BMW and Michelin keep adding jobs, and more people are moving here for work and lifestyle. The city’s steady growth helps keep the housing market strong.
Greenville’s real estate market is staying strong and stable. Growth has slowed down a bit, but that’s a good thing. Homes are selling, prices are steady, and more people continue to move here. Greenville is still one of the best places to buy or sell a home in South Carolina.
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