Strong Home Buying Activity, Low Supply
Everyone knows springtime is the best time of the year to buy or sell a home. Without a doubt, it’s the busiest time in the real estate year. Spring is a great time to buy a home because this season would bring an influx of inventory from sellers taking advantage of the spring home buying frenzy. The demand is outpacing the supply though. According to REALTORS® Confidence Index Survey Report, a monthly survey of REALTORS® about their sales activity and local market conditions, the Seller Traffic Index indicates seller traffic conditions were weak in most states, while the Buyer Traffic Index indicates that buyer traffic conditions can be categorized as moderate to very strong in most states in the country.
The inventory of homes for sale in Greenville is pretty much the same in March compared with a year earlier, but there’s a difference in median sale price and the average number of days homes for sale in Greenville are spending on the market. The median sale price of residential homes in March rose by 7.63% to $210,399 from $195,483 last year, according to the Greater Greenville Association of REALTORS®. The average days on market is at a 10-year low of 61 days so far this year. It’s a number not seen even before the housing bubble.
Homes are Selling Like Hotcakes
Isn’t this the market that sellers have been waiting for? There is no better time than now to sell your home in Greenville. With strong buying activity, rising home prices, and interest rates that are still low compared to historical norms makes for an awesome time to sell in the Greenville area. It is definitely a seller’s market in Greenville and here are some facts to prove it:
If you’re thinking whether to sell your home now or later, now is the time to jump off. We’ve been seeing a seller’s market in the past few years but this year is shaping up to be even better. Home prices are rising and being pushed by high buyers activity and low inventory. In Greenville, houses are going on the market daily yet the demand is higher than the inventory. Homes are already selling almost two-weeks faster than they did a year ago.
Homes are flying off the shelves within hours of hitting the market if they are in good shape and priced correctly. As seen in our latest listing, 111 Quincy Drive went under contract with multiple offers very quickly, as well other Greenville real estate listings.
It is DEFINITELY a seller’s market NOW in Greenville SC. If you want to take advantage of such an AWESOME seller’s market and sell your home in Greenville for top dollar, you should consider listing ASAP!
To help you determine if you’re ready to sell your home and put that sign in the yard, get a FREE Home Valuation Report NOW!