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Home Sales Report: Upstate real estate first-quarter numbers show sellers rule

WYFF 4 Greenville-Spartanburg logo WYFF 4 Greenville-Spartanburg 4/19/2021
a group of people in front of a house: seller's market real estate home sales © WYFF seller's market real estate home sales

First-quarter real estate numbers for 2021 are in and show South Carolina's housing market continues to boom.

South Carolina Realtors, a trade association, just released its numbers through March, showing a 22% increase in residential sales from this time last year.

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Low Country markets feature the highest bump, with Hilton Head leading the way with an almost 50% increase in homes, condos, and villas sold.

Greater Greenville lists an 11.7% increase, Spartanburg a .2% increase, and Western Upstate with a 10.9% increase.

"It's very exciting," said real estate agent Charlotte Sarvis, with That Realty Group. "It's very fluid. It's very fast. We have lots of buyers and low inventory right now, we need more homes to sell. When you find the right house that hits the market, every agent in Greenville runs out with a potential buyer. So, every home gets multiple offers. You have to get very creative and think outside the box with the terms to close."

Realtors are quick to admit it's a seller's market, with many homes receiving multiple offers in a very short period of time.

The South Carolina Realtors report calculates the average number of days homes are on the market has dropped significantly.

Greater Greenville homes are on the market an average of 42 days, Spartanburg homes 31 days, and those in the Western Upstate region an average of 73 days.

Award-winning Berkshire Hathaway agent Ashlyn Cousins closed with one client on April 19, on a home that never hit the market.

"It took a lot of time a lot of effort and some creative thought," Cousins said. "We are so thankful to find the perfect home for her. Our team has been serving the Upstate for 30 years and we've never seen anything like this before. It's unprecedented. I could see this boom lasting the rest of the year."

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READ THE FULL STORY:Home Sales Report: Upstate real estate first-quarter numbers show sellers rule

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