🏡 For single-family homes:
- 📍 2,579 homes active
- 🆕 887 single family homes listed
- ✅ 710 homes sold
- 💲 Median List Price: $415,000
- 💲 Median Sold Price: $410,000
- ⏳ Average Days on Market: 52 to 77 days
- 📊 Absorption Rate: 3.6 months of inventory
🏘️ For townhomes:
- 📍 550 townhomes active
- 🆕 175 townhomes listed
- ✅ 130 townhomes sold
- 💲 Median List Price: $264,250
- 💲 Median Sold Price: $266,495
- ⏳ Average Days on Market: 66 to 85 days
- 📊 Absorption Rate: 4.2 months of inventory
📉 What do the interest rates look like as of this writing?
Mortgage rates remained fairly steady throughout June, averaging 6.50% to 6.75%, depending on loan type and qualifications.
As of July 24th, rates briefly dropped into the 6.25% to 6.50% range before moving back up to approximately 6.50% to 6.85%.
There is optimism that rates could ease in the coming weeks as the bond market has recently strengthened. While nothing is guaranteed, if you're financially ready to buy, it may be worth getting pre-approved and preparing now so you're ready to act when the right opportunity presents itself.
⚖️ What This Means for Buyers and Sellers
Greenville County continues to experience a mixed market.
Homes that are priced correctly and located in desirable areas are still selling quickly, while buyers are benefiting from increased inventory and improved negotiating opportunities compared to the past few years.
With approximately 3.6 months of inventory for single family homes and 4.2 months for townhomes, we're still leaning toward a seller's market in some segments, but conditions are becoming more balanced overall.
Whether you're buying or selling, having a strategy tailored to today's market is more important than ever.
📲 If you're thinking about buying or selling a home, I'd love the opportunity to help. Call me today at 864-430-2451.
🔗 Top 10 Greenville Homes for Sale:
https://www.buygreenvilleschomes.com/Greenville/top-10-new-listings-Greenville/
🔗 Home Valuation Tool:
https://www.buygreenvilleschomes.com/cma/property-valuation/