🏡 For single-family homes:
• 📍 2,422 homes active
• 🆕 1,008 homes listed in March
• ✅ 537 homes sold
• 💲 Median List Price: $405,000
• 💲 Median Sold Price: $399,000
• ⏳ Average Days on Market: 40 to 70 days
• 📊 Absorption Rate: 4.5 months of inventory
🏘️ For townhomes:
• 📍 520 townhomes active
• 🆕 168 townhomes listed
• ✅ 88 townhomes sold
• 💲 Median List Price: $256,000
• 💲 Median Sold Price: $256,000
• ⏳ Average Days on Market: 46 to 86 days
• 📊 Absorption Rate: 5.9 months of inventory
📉 What do the rates look like as of this writing?
Rates have slightly increased compared to last month, now trending in the mid 6% range depending on loan type and qualifications.
• 📊 Conventional loan rates: mid 6% range
• 📊 FHA/VA/USDA rates: typically slightly lower depending on qualifications
👉 Rates have ticked up due to ongoing inflation concerns and bond market movement, which directly impacts mortgage rates.
⚖️ What This Means for Buyers and Sellers
We are still seeing a mixed market.
Single family homes are leaning closer to a seller’s market in certain price points and locations, while townhomes and other segments are moving more toward balanced or buyer friendly conditions.
With inventory increasing and absorption rates rising, buyers are gaining more leverage compared to earlier this year.
If your finances make sense, this is still a strong window to take advantage of opportunities before competition potentially increases again.
📲 If you are thinking about buying or selling, contact me directly 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/
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