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