As a real estate we get asked quite often “How’s the market”. My response depends on the time of year and where your home is located.
We are entering the heaviest listing period of the year. According to Greater Greenville Multiple Listing Service data, there are more homes listed for sale in April, May & June than any other months. In 2015 there were 1540 homes listed in April, 1444 in May and 1333 in June. The average days on the market in April was 78, May 74 and 69 in June.
We’ve been seeing an even better market since 2nd quarter of 2015 with more buyers entering the market gobbling up the limited supply of homes for sale in the first quarter of this year.
So what does this mean for you and your most valuable asset, your home? If you plan to sell this year, you will have more competition in the upcoming months than the 3 other quarters of the year, however you also have more buyers competing to offer on your home as well. A larger number of buyers want to purchase and move in Spring & Summer months for various reasons (school, weather & vacation time). This means that more buyers will see your home if you have it for sale in April, May & June. The best way for you to receive the highest number of offers on your home is to have more buyers tour it. More competition means higher offers!
The location of your home also plays a huge role in the number of buyers that are searching for homes. For example, Simpsonville/Fountain Inn is experiencing a shortage of homes in varying price ranges. We have more buyers than homes to sell them. This is resulting in multiple offers on a several price ranges of homes in the area. Greer, Augusta Road/Downtown are also seeing this same scenario play out with buyers in a bidding war for homes.
If you are considering selling in the near future you should consider capitalizing on this shortage of inventory to obtain the highest selling price for your home. This is truly the best market that Greenville has seen in several years. But, we don’t know how long that will last. Fears over rising interest rates and uncertainly with the upcoming Presidential election could slow the housing market as it did in 2008-2009.
If you would like to know your home’s value you can click here to see it immediately. If you like what you see and you would like to put your home on the market, consider a marketing agent with a clear online strategy to get your home in front the most buyers. More buyers mean more and higher offers.
My husband and I have a comprehensive online plan to not only show some photos of your home, but use engaging copy, unique photos, short descriptive videos and extensive Facebook and Google ads to tell the story of your home. 94% of real estate transactions begin with an internet search. Once this search brings results, several homes will appear for the buyer to choose which homes that they want to tour. My job is make certain that your home makes the cut and the most buyers select your home to tour.
Give me call at 864-923-7924 if you would like to discuss our marketing plan to net you the highest possible price for your home.