Monthly Market Report: September 2024

Curious about Greenville's real estate trends for September 2024? In this video, we dive into the latest developments impacting the local housing market, including surprising shifts in buyer behavior and trends you should know about. From rising new construction homes to changing buyer preferences, we break down the key information you need to navigate the Greenville market successfully.

Key highlights in this month's update include:

• Shifts in Buyer Preferences: Buyers are gravitating towards move-in ready homes, with many Millennials prioritizing convenience and affordability due to limited budgets. Homes requiring fewer renovations are selling faster.

• The Rise of New Construction: New homes continue to dominate the market, making up 32% of home sales in Greenville. We’ll discuss how this trend affects pricing and competition in the $300K-$450K range.

• Investor Activity on the Rise: We’re seeing a slight uptick in local investor activity, with more mom-and-pop investors cashing in on their properties. This could present unique opportunities for both buyers and sellers.

• Impact of New Construction on Resale Homes: With new construction gaining momentum, resale homes in certain price ranges, particularly $250K-$500K, are staying on the market longer. We’ll explore how this trend affects selling strategies.

• Out-of-State Buyers Continue to Drive Demand: Greenville remains a hot spot for relocators, with many out-of-state buyers bringing in competitive offers and helping sustain the market’s growth.

Whether you’re looking to buy, sell, or simply stay informed, this video will provide you with the latest insights to make confident decisions in the Greenville real estate market.