On August 14th, 2008, the National Association of Realtors issued their 2nd quarter Metropolitan Area Existing-Home Price report.
This report is always interesting since it is really more comprehensive, in my opinion, than the Case-Shiller index (which only evaluates 20 major metro areas) or the OFHEO index which only evaluates homes in the sub-$417K price ranges.
Anyway, most importantly is the fact that the Greenville, SC metro area posted the 9th highest appreciation rate in the US (5.1%) when comparing median price in 2Q08 to 2Q07 for existing single-family homes.
One other compelling piece of information is that:
Quote:
|
Existing-home sales rose from the first quarter in 13 states, largely from buyers responding to discounted home prices, according to the latest quarterly survey by the National Association of Realtors®.
|
Just another great reason to buy in Greater Greenville!
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
