Repossessed Homes in Greenville South Carolina

If you go strictly by the numbers that are published then you see that Greenville South Carolina is in quite an upswing today. In 2005 the average price of a home here was a mere one hundred and twenty thousand dollars. That same house today, even in the midst of the current market crisis is shown to be at a median price of one hundred and fifty five thousand dollars. In face the entire city appears to be up almost two percent in home values from the same time last year. This really makes the area here in South Carolina an anomaly in the housing market.

Repossessions and foreclosures are still fairly high but the overall price on housing has grown which seems to be quite contradictory to each other. Part of the reason is that there was a huge surge in new construction during the period and the price of those homes far outweigh the price of the older homes that are on the market and the physical law of numbers makes the difference. If you have more of something at a higher price than you do of something at a lower price the over all average is going to be higher. If it were the opposite way then the numbers would be lower, as they are in most parts of the country.

The end result here is that the numbers of foreclosures and the numbers of repossessions of homes in the South Carolina area is high and pretty much in line with the rest of the area and slightly lower than the rest of the country but there is still room for concern and certainly there is a large area for improvement.

Things will get worse before they get better but the average pricing may still remain fairly high here.


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