GGAR Housing Market Summary Report - January 2011
Posted by Robert Alexander on
Pending Sales in the Greater Greenville SC region decreased 38.2% since January 2010 to 323 agreements signed. New Listing activity decreased 32.2%, which means sellers placed 1,052 new homes on the market. At this rate, sellers should expect their properties to sell after approximately 111 days.
Prices Climbed upward. Median Sales Price increased 3.8 percent over last January to $134,950. Negotiations moved towards buyers as Percent of List Price Received at Sale decreased to 93.8 percent. Months Supply of Inventory increased 5.8% to 12.6 months.
Interest rates are expected to remain around 5.0% and prices are expected to rise gradually in many markets. Although the labor department reported that the seasonally-adjusted unemployment rate dropped…
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