May was a fantastic month for Real Estate in the Upstate! According to the Greenville MLS, sales this May were at 1583 homes sold... slightly better than last May at 1577. This was the first month in 9 months where the year-over-year number has seen an improvement. We were also up significantly from April, which was 1205 sales. Buyers are still struggling with a very low inventory and higher interest rates. If you are on the fence about selling, it is a great time with the reduced inventory. The average price of a home sold this May was 380K compared to 367k last May, and the median sales price was 315K vs 316K last year. We also had 40 homes sold in May for over one million dollars! There is still much uncertainty about rates going forward but buyers should keep in mind their option to refinance in the future if rates improve. There is still much uncertainty about rates going forward but buyers should keep in mind their option to refinance in the future if rates improve. The growth in Greenville has been incredible and does not seem to be slowing down, making Real Estate in our area a great investment!
Smarter Real Estate
