Porch.com surveyed 93 of America’s largest metro areas to assess the nation’s real estate markets. Considering factors such as price fluctuations, listing days on market, home inventory, and price cuts, Porch.com determined which metros are “hot” ad which areas are cooling off.
Out of all 93 cities studied, Greenville was the #1 hottest market, with prices rising 18% year-over-year on average and homes selling in an average of 5 days.
Greenville is not the only metro seeing increasing home prices. Despite lower inventory and a return to “somewhat normal” real estate activity, house prices continue to increase across the nation by an average of 13%. Potential buyers will be pleased to note that despite increasing prices, there has been a slight increase in the number of price cuts on listings, meaning you may not have to deal with those crazy bidding wars we experienced during the pandemic.
Dan Hamilton is the founder of Hamilton & Co. and the lead listing agent for the team. He is the only agent in the Upstate endorsed by Shark Tank star and real estate mogul Barbara Corcoran. Additionally, Dan hosts a weekly radio show on The Answer 94.5 and 106.3 WORD giving tips and advice on real estate and is a frequent contributor for real estate on Your Carolina TV show on WSPA Channel 7. Visit mygreenvillehome.com to learn how Dan can help you sell your home.