Real estate rundown week ending January 7, 2022

The Greater Greenville Association of Realtors announced a 26.3% decrease in active listings — from 3,628 active residential listings in the multiple listing service on Dec. 10, 2020 to 2,674 as of Dec. 10, 2021.

While the number of listings are down, the average residential sales price has increased 11.2% from $382,879 in 2020 to $425,732 in 2021, and the median residential sales price has risen 13% — from $269,900 to $305,000.

In addition, the average number of days on market has dropped by 23.3% from 90 to 69.

GGAR also reported 1,645 homes were pending sale and 1,268 units were under contingency contract as of Dec. 10.

When looking at year-over-year from Jan. 1-Nov. 30, GGAR saw a 9.8% increase in units sold — from 14,231 in 2020 to 15,623 in 2021. The average price increased 14.7% from $280,810 in 2020 to $322,131 in 2021, and the median residential sales price has risen 12.8% from $235,000 to $265,000.

Throughout the same 11-month period, the average number of days on market dropped 45.5% from 55 to 30.

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