On August 14th, 2008, the National Association of Realtors issued their 2nd quarter Metropolitan Area Existing-Home Price report.

This report is always interesting since it is really more comprehensive, in my opinion, than the Case-Shiller index (which only evaluates 20 major metro areas) or the OFHEO index which only evaluates homes in the sub-$417K price ranges.

Anyway, most importantly is the fact that the Greenville, SC metro area posted the 9th highest appreciation rate in the US (5.1%) when comparing median price in 2Q08 to 2Q07 for existing single-family homes.

One other compelling piece of information is that "existing-home sales rose from the first quarter in 13 states, largely from buyers responding to discounted home prices, according to the latest quarterly survey by the National Association of Realtors®."

Just another great reason to buy in Greater Greenville!

_____________________________
Cameron J. Keegan - Realtor
Prudential C. Dan Joyner Realtors
Visit my website for 5 years of comprehensive statistics about Greenville SC Real Estate!