Greenville sales have dropped from 1451 sales last April to 1196 this April. This 18% drop might seem like we are in a softening market, however the lower sales seem to be a result of the lack of good inventory. Due to the increase in interest rates consumers are hesitant to move and lose the great rates that people have locked in the last few years. While the current rates are still reasonable when compared to historical norms, they are 3% points higher than they were a year ago!
For the first third of the calendar year the market is down 843 sales, and we are projecting sales of around 14,000 this year as compared to 16,652 last year. The average sale price of a home in April was 362K compared to 352K in April of 2022. So even though we are seeing the number of units sold go down, prices are stable due to consistent demand. We are down just slightly from our peaks last summer. 
I believe we are still in a strong sellers’ market, although buyers may not be competing on every home listed and sellers may have to re-think trying to stretch their sales price beyond their Realtors’ recommendation.
Smarter Real Estate
