Forecasts for 2020 home sales are in, and they’re strong thanks to three factors. The combination of rising rents (3% annually) and low interest rates will motivate buyers to purchase. The
December home sales crush it
Dated: January 16 2020
Despite a soft start to the year, 2019 finished stronger than 2018, in large part thanks to a jump of 21.7% in home sales in the year’s final month. According to the Multiple Listing Service of Greenville, 14,204 homes were sold last year, which was 6.5% better than 2018.
While buyers and sellers all welcomed the increased sales, statistics behind the total sales figures hint at the market moving away from sellers. Time on market increased slightly, up 1.9% to an average of 54 days. In turn, that shift is being driven by an increase in the number of homes on the market. In December, that figure rose 6.7%.
What will 2020 bring for buyers and sellers? Experts expect sales to stay positive. But first quarter results can be soft, as they were last year. Stay tuned for regular updates here.
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Clemson senior-year student artists, pursuing degrees in engineering, will showcase their creativity in a variety of methods during the First Friday Gallery Crawls sponsored by the Metropolitan Arts