Greenville SC MLS Market Statistics (02/01/2011 - 03/13/2011)
Current Active Listings: 6,881 | Average List Price: $236,067 | Average Days on Market (DOM): 168 |
New Listings for Period: 1,757 | # Sold in Period: 574 | Average List Price Sold: $165,397 |
Average Sale Price Sold: $155,030 | ||
Sale Price/List Price Ratio: 93.73% | Average DOM Sold: 117 | Average List Price Unsold: $194,873 |
Narrative of Greenville SC Market Statistics
There are currently 6,881 active single-family residence listings in the Greenville SC MLS for the period listed above. The average list price for active lsitings is: $236,067. The average days on market for all actives is 168 days.
There were 1,757 new listings for the period and 574 homes sold in the same period. The statistics still indicate it is very much a buyers market still with supply exceeding demand by 67.33%.
The average list price sold was: $165,397 while the average sale price sold was: $155,030, indicating a sale price/list price ratio of 93.73%. This is approximately up 2% from the January 2011 period. So what does this number mean? Well, it means that for the homes that did sell, that they sold for 93.73% of the listing price. An example of this would be, a home sold that listed for $220,000 in this period, would've actually sold for $206,206.
Furthermore, the average days on market increased approximately 9 days from the prior period to 117. These numbers seem to indicate a slightly more favorable buyers market than the prior period.
Posted by Robert Alexander on
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