Downtown Greenville has been one of my favorite places. Perhaps because I grew up on Pettigru before the majority of the homes converted to commercial.
Is It Time To List Your Home
In school, we all learned the theory of supply and demand. When the demand for an item is greater than the supply of that item, the price will surely rise.
The National Association of Realtors (NAR) recently reported that the inventory of homes for sale stands at a 3.8-month supply. This is considerably lower than the 6-month supply necessary for a normal market.
Every month NAR reports on the number of buyers out in the market looking for homes, which is also known as buyer traffic. As seen on the map below, buyer demand in March was strong or very strong in 45 out of 50 states nationwide, and Washington, DC.
Many buyers are being confronted with a very competitive market in which they must compete with other buyers for their dream homes (if they are even able to find a home they wish to purchase).
Listing your house for sale now will allow you to capitalize on the shortage of homes for sale in the market, which will translate into a better pricing situation.
Many homeowners underestimate the amount of equity they currently have in their homes. According to a recent Fannie Mae study, 37% of homeowners believe that they have more than 20% equity in their homes. In reality, CoreLogic’s latest Equity Report tells us that 78.9% actually do!
If you are debating selling your home this year, let's meet up to evaluate the equity you have in your home, as well as the opportunities available in the Greenville market. Just give me a call or a text at (864)214-6247.
I have been practicing real estate in the Upstate of SC for 4 years, and have been a realtor for almost 18 years. I love this area and especially enjoy helping people relocate to beautiful Greenville....
Latest Blog Posts
Your Home's Assessed Value vs Market Value Understanding a home’s true market value is about more than pictures, software assessments and price-per-square-foot. Whether you’re a