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Greenville Market Update

House and Keys.JPGWhen analyzing market trends in residential real estate, one of the leading indicators of the trajectory of the residential market is the commercial real estate market. This means that whatever is currently going on in the commercial real estate market can be expected to show up as the condition of the residential real estate market later on down the line. That being said, we are currently looking at a national commercial market that is headed for crisis due to the rental vacancies in the sector from remote work catching on since COVID 19 began. This indicates that residential real estate could be headed for a more distantly occurring crisis nationwide. However, Greenville is in a unique position because of our economic development. Not only do we have more foreign headquarters in the Greenville-Spartanburg-Anderson area than anywhere in the country (except the Orlando/Tampa area), we also have tremendous inbound traffic of people moving into the area from out-of-state. This will act as a buffer for the area that translates into a market that is likely not to experience the crisis of the commercial sector that is underway for most of the country. 


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As a result, we anticipate prices to increase in Greenville overtime rather than decrease. While large real estate investment companies will be flooding markets with residential inventory in the rest of the nation, therefore decreasing housing prices, Greenville’s demand and migration to the area will prevent that same inventory flood from happening in our area. 

The Tim Elder Team
Tim Elder
800 Regent Park Court
Greenville, SC 29607
864-616-2147
*Each office independently owned and operated

Data Source: The Greenville MLS of SC, Inc. Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Spartanburg Association of REALTORS®. IDX information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable, but not guaranteed.
This information is deemed reliable, but not guaranteed. Neither, the Western Upstate Association of REALTORS®, Inc. or Western Upstate Multiple Listing Service of South Carolina, Inc., nor the listing broker, nor their agents or subagents are responsible for the accuracy of the information. The buyer is responsible for verifying all information. This information is provided by the Western Upstate Association of REALTORS®, Inc. and Western Upstate Multiple Listing Service of South Carolina, Inc. for use by its members and is not intended for the use for any other purpose. The data relating to real estate for sale on this Web site comes in part from the Broker Reciprocity Program of the Western Upstate Association of REALTORS®, Inc. and the Western Upstate Multiple Listing Service, Inc.
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