Greenville SC Housing Report

90 Day Trend - 3rd Q 2016

An interesting item this month is that we had been anticipating that a lot of the growth in units would take place in New Construction Sales this year, because of the inventory shortage (Folks switching to new from resale because of the shortage) - However, if you look at the data, New Home Sales are actually below 2015 through Sept, by 18 units, while Resale units are up by 592 units for the same period ...

Is it that buyers prefer Resale or do you think it's because the highest number of resale units are selling in the $100-200k price range and New Construction is primarily focused on the $200-300k range? ... Let me know what you think!

Chet & Beth Smith

Housing Absorption Rate 3rd Quarter 2016 - Greenville SC Area 

 Property Type  Days
 New Construction  198
 Resale Homes  120
 Combined  132

 

 

New Listings 3rd Quarter 2016 - Greenville SC Area 

 Property Type  Units
 New Construction  519
 Resale Homes  2,941

 

 

Active Listings 3rd Quarter 2016 - Greenville SC Area 

 Property Type  Units
 New Construction  1,137
 Resale Homes  3,895

 

 

Days On Market Year-To-Date - Greenville SC Area 

 Year  D.O.M.
 2016  63
 2015  75
 2014   85
 2013   93

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