Navigating the real estate market, researching statistics, and making an informed decision based upon those findings can offer a more refined decision in the Real Estate process, whether you are a home buyer, seller, or investor. At PRODUCER Realty, we rely heavily on relevant market data and trends in the real estate market when determining the value of a home. As Expert Advisors, we understand that the real estate market is always changing and we strive to stay up to date with the trends to better serve our client's needs.
The Greater Greenville real estate market continues to grow and change, month-by-month and year-by-year. This year compared to last year, sales are up 12.5% with 1,398 homes being sold in May 2018 as opposed to the 1,243 homes sold in May 2017 in the Greenville SC real Estate market.
The sale price in May 2018 has gone up more than $22,000 since May 2017. May 2018 has seen an average sale price of $245,404 compared to the $222,835 average sale price of May 2017, making the value of owning a home or investment property in the Upstate of SC a wise and gainful decision.
The Greenville SC area is heralded as a prime relocation spot in South Carolina due to aspects such as the strong economy. The Bureau of Labor and Statistics reports that the national average for unemployment is at 3.9%, but Greenville County continues to fall below the average at 3.4%. The availability of technical, engineering, and health care jobs continue the economic growth for this metro area. In turn, the real estate market outlook is positive and substantial growth is expected to continue for Greenville County SC.
If you are interested in gaining more knowledge concerning the Greater Greenville SC area market, we are only a call away. Whether you are a home buyer, investor, or are interested in placing your current property on the market, our team can not only inform you, but also make your transaction a profitable one. Feel free to contact our team at 864-438-5050 or visit us at www.GreenvilleRealEstateHub.com.
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