“It was a banner year,” according to the 2013 annual housing market report released last week from the South Carolina Realtors Association.
According to the report, nearly every metropolitan housing market embarked upon or continued along the road to recovery. Local and regional markets once burdened by excessive supply levels and heavy foreclosure loads have given way to multiple-offer situations, homes selling in record-low market times and prices rallying to multi-year highs. Many local markets transitioned from buyers’ markets to sellers’ markets.
The Greenville area “remained pretty steady,” said Nick Sabatine, president of the Greater Greenville Association of Realtors.
New listings in the Greater Greenville area were up 10.5 percent and closed sales were up 23 percent at 9,463 units. Of those 9,463, 7.6 percent were condos, 10.5 percent were two bedrooms or fewer, and 23.5 percent were in the $100,000 or less range. Inventory increased to 3.6 percent while the days on market decreased 11.9 percent to 89 days.
