Realtors reported new home listings were up 5 percent compared to last year, inventory shrank by 6 percent and the median sales price was up 5 percent to $189,500. And the monthly inventory was down 12 percent. That means demand is exceeding supply. Homes are selling quickly, with most on the market for only 96 days, said South Carolina Realtors CEO Nick Kremydas. Greenville is leading the Upstate in housing market growth, seeing an 8.5 percent increase in home sales this year. Spartanburg reports 2,213 homes sold through June, up from 2,130 sold through June in 2015 a 3.9 percent increase. Also, homes in Spartanburg are taking less time to sell. Last year through June, the average time on the market was 138 days. Through June of this year, the average home stayed on the market only 124 days, a 10.1 percent decrease. I have not seen this much activity since before ’08.” Wilds said. People as a whole are feeling settled.
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