Greenville Area Real Estate Sees Impact from COVID-19
The greater Greenville area housing market has seen a slowing in its housing market due to COVID-19 especially during the month of April. Given the peak of the crisis has now come and gone, it’s expected that things should pick up quite nicely during the month of May.
Some key data points for the month of April 2020 according to the report released from the Greater Greenville Association of Realtors:
- New listings were down 17.6% compared to a year ago
- Pending sales were down 59.8% compared to a year ago
- Closed sales were down 12.6% compared to a year ago
- Inventory of homes for sale increased by 22.2%
- Months supply of homes for sale increased by 20.6% to 4.1 months
- Median Home prices increased by 3.8% to $225,000
- Days on Market until Sale 54 days
About The Author
John Murphy
Husband of 34 years to my college sweetheart, Janet Murphy (@janetmurphydesign on Instagram). Together we have 6 wonderful children from ages 15-31 and 5 grandchildren. I’ve been a licensed REALTOR since 2003 and broker since 2007. I also am a cost segregation specialist helping building owners and real estate investors maximize their tax deductions, save thousands on their income taxes and increase their cash flow. If you’re a building owner you probably haven’t done a study…let’s connect. There is no obligation. We can run an estimate for you and really every building should be evaluated if the basis is over $150,000. I can work all over the country and not just here in the Upstate. We relocated to Greenville, SC for the lifestyle, lower cost of living, amazing amenities in the area and the growth opportunity for business and real estate. We absolutely love it here!
All opinions are expressly my own and do not represent either eXp Realty LLC, Cost Segregation Services, Inc. or any other company, organization or group that I might be affiliated with.
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