For the Month of February 2012, home sales in all South Carolina major markets were up. Greater Greenville and Spartanburg areas were up 7.7% and 10.4% respectively compared to the same period last year (February 2011). Pending sales are up 16.9% and inventory levels shrank 15.7%. This trend should favor the seller a bit more as home prices rise (with increased demand) and inventory (supply) shrinks. This is what we have been talking about in our earlier post on the Delco Realty Group Facebook FAN Page re: the "Days on Market" trending downward.Â
February 2012 Home Sales in South Carolina |
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| Â | Â | Â |
| Market | # of Homes Sold | % Change from Feb 2011 |
| Â | Â | Â |
| Charleston Trident | 604 | +2% |
| Greater Columbia | 448 | +7.4% |
| Greater Greenville | 464 | +7.7% |
| Spartanburg | 191 | +10.4% |
| Western Upstate | 222 | +12.7% |
| Â | Â | Â |
The price range with the largest gain in sales was the $100,000 and below - most likely because Investors are jumping in the market before prices and interest rates rise. The price range that tended to sell the slowest was the $300,000 and up homes.
Questions about the Greater Greenville or Spartanburg real estate markets specifically? Contact Delco Realty today for a no-cost, no-obligation consultation!
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