How is your 401K doing? If you own a home in the Greenwood area, you might be glad you do. Home values are up 21.6% over this time last year.
Once again it's suppy and demand. Just look at the number of new listings. They are down 33.3%. There are just no listings to be bought. That leads to closed sales being way down. You can sell something that isn't for sale.
However, check out the median price of sold homes. Up 21.6% over last year. Will these conditions last in the Greenwood area? Nobody knows right. Here's what I do know - once supply increases, prices will flaten out.
So if you are seeking to sell at the top of the market, now may be your best opportunity.
