On August 26th, 2008, the OFHEO released their quarterly home price appreciation report.  This report gathers data from conforming, conventional mortgages secured through Fannie Mae or Freddie Mac.  For that reason, this index has received some scrutiny, since it only covers loan up to $417,000.  This scrutiny is justified in markets where the average home price exceeds the indexed amount, but in markets such as Greenville, SC, this index covers a vast majority of home sales.  In fact, 94.7% of single-family homes and condos sold in the Greater Greenville area during 2nd quarter fell below the $417,000 price point.

OK, so here's what you're really interested in.  Over the past three calendar quarters, Greenville has ranked as having the 37th highest appreciation rate in 4th quarter, and the 18th highest in 1st quarter. 

Well, in the 2nd quarter OFHEO home price index, Greenville posted the 4th highest appreciation rate of 291 metro areas indexed, with a 5.87% increase from 2nd quarter 2007 to 2nd quarter 2008.

View over 5 years of Greenville SC Real Estate Statistics by visiting my website: GreenvilleMOVES.com

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Cameron J. Keegan - Realtor
Prudential C. Dan Joyner Realtors