Eddy Kicker's Blog: Greenville SC Market Overview

Every day the newspapers and television reports flood us with negative information about the nation's housing market.  Proclamations about falling housing values and the extended time it is taking to get homes sold.  It's enough to make many consumers nervous and want to throw their arms up in frustration.

The Greenville South Carolina real estate market continues to contradict these national trends. Average annual appreciation in our area is a healthy 3-5% which has kept our market insulated from falling prices seen in markets that have until recently had unrealistic appreciation.  Below is information about our market so far this year compared to the same time period from…

Greenville South Carolina real estate is alive and well.  The national news would have us all believing that real estate all over the United States is not selling and that home values are sinking faster than the stock market.

While home sales through July are down 2% compared to last year, the average sales price for homes here has increased by 2%.  Days on market for homes sold this year compared to last year are the same at 89 days.  New housing starts in Greenville County are down through July by 6% which is much better than the national averages.

The stability of the Greenville market is the solid foundation of our diversified economy and the slow and steady growth the housing market has seen over the past decade.  I remain bullish on the housing…

My real estate business is made up mostly of relocation clients that are moving to our area and to a market they have little or no knowledge about.  Many times they want specific information about our housing market so they will be better informed while making their home buying decision.

Now that we have two and a half months of data for 2007, I thought I would share with you the type of data that will get you up to speed on the Greenville South Carolina Real Estate Market.  Looking at January 1 through March 13 and comparing 2006 to 2007:

  2006 2007 Listings Sold 1415 1358 Average Sales Price …