Greenville SC Home Values

Are you considering selling your home in the Greenville SC area?  Before you put your home on the market, consult with your Del-co Realty agent.  There are typically two options to start with:

For a comprehensive assessment of your home's value, contact your Del-co Realty agent for a no cost, no obligation CMA.

About Home Values in Greenville SC

The South Carolina town of Greenville is a sought-after place to own property. Rich with job opportunities, a thriving arts and culture scene, and home to many amenities, makes Greenville a popular choice to live. Because there is a huge demand for housing and not much supply, the market is competitive. Whether you're buying or selling, it's important to understand Greenville home values and the housing market.

The Greenville Housing Market for Sellers  

The National Association of Realtors voted the town as one of the top 10 hottest real estate markets, which comes as no surprise given that a new listing in the area only remains on the market for an average of 40 days. The increase of 1.6% in sales over the past year indicates that sellers could make a decent profit in the real estate markets. Despite housing inventory increasing by 14%, it's still not enough to meet the housing demand. 

Greenville Job Market, Cost of Living and Housing Market Forecast

Across the U.S., the cost of living has increased, creating a volatile housing market. Because mortgages have increased, the demand for luxury homes and single-family detached homes is less. As a result, the housing prices in Greenville are forecasted to remain stable. Job opportunities in the town's growing manufacturing industry are set to increase, while the job market overall should rise to 40% in the next decade. More job opportunities mean better affordability when taking out mortgages.  

Greenville Real Estate Market Is Balanced

Greenville's real estate market is currently balanced, but home values fall into the high category because of the demand. Despite people buying less, there's still a lack of housing inventory. Interest rates are high and aren't predicted to settle at any stage, which affects buyers. Forecasts indicate that it's not going to sway a particular way in the future but rather remain balanced. 

Working With an Expert Realtor

Whether you're looking to become a homeowner, sell your property or purchase an investment property in Greenville, you should work with an expert Realtor. For trusted advice, contact the experienced Del-Co Realty today.