With the Dow above 13,000, How’s Real Estate Doing?
The Dow Jones hit 13,000 today. Great news, but how are home prices and sales going? These are questions that any homeowner is interested to know about. You may guess that Greenville Real Estate is a different animal than the national averages you hear about in the media - but how are we faring?
As of April 24th, sales in Greenville are down just less than 40% less than this time last year. IE From January of 2006 to this time in 2006, almost 40% more homes sold than did this year. This covers the Greenville MLS which is heavily weighted to Greenville county but does cover real estate in nearby markets such as Anderson, Easley, Spartanburg, Lake Keowee, and even some beach homes, though not many.
There are currently 5,990 homes for sale. For every home sold, there are two more going on the market (over the last seven days - this is a bit of a slow down in the trend.)