Greater Greenville real estate market is hot and it doesn't look like it will be slosing down anytime soon. More and more homes are selling quickly and a lot of them at or above the list price. More homes are selling month over month when compared to previous years, and December 2014 was no different.

In December, 850 homes were sold in the Greater Greenville real estate market, a 20% increase from the 704 homes sold in the same month in 2013. At the end of 2014, there were a total of 10,244 homes that sold last year, which is an 8% increase over the 9,484 homes that sold in 2013. There were 749 homes listed in December, and 15,946 listed in the entire 2014.

If you put your home on the market, odds are you may receive an offer within a week or two since homes are taking less time to sell. An example of how fast homes are selling in our market is a homs our team recently marketed that received 5 offers the first day on the market and sold for 103% of the list price. Average days on market for all of 2014 is 82 days, which is less than the average days on market in 2013 of 89 days. Average sales price also increased 4.5% from $182,434 in 2013 to $190,561 in 2014. 

Even many of the bank foreclsures for sale in the Greenville SC market are also selling quickly, and some of the banks are investing into updating a lot of the homes, bringing them up to move-in ready condition and selling them for above list price. Foreclosure inventory has declined significantly, and the number of homes in foreclosure has also declined.

All homes sold last year received an average of 96.2% of list price, and our current absorption rate is at 5.9 months.These positive numbers are not just true for Greater Greenville real estate market, but several other markets around the country are seeing increase in their markets as well, which is great news for US housing market and the economy.

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