Spartanburg, SC Homes for Sale from $125,000 to $200,000

The $125,000 to $200,000 price range of Boiling Springs homes and Spartanburg homes accounts for most of the “middle class” price range if you will.  Currently there are 815 homes listed for sale in the Spartanburg MLS for this price range.  The yearly sales rate is 796 or 66.4 homes sold every month.  This means that there is over a 14 month inventory of homes in the Spartanburg market for sale between $125,000 to $200,000.

This segment represents about 28% of all home sales in the county.  Combined with the lower priced homes looked at previous to today the group accounts for 83% of all homes sales in Spartanburg county.  As the price range of Spartanburg homes increased we saw the supply of homes increase as well with today’s group having a supply over 14 months based on current absorption rates.  This is very interesting because we will see this trend continue as we look at higher and higher priced homes.  Clearly the economy is making people think twice about larger mortgage payments.

If you are selling your mid priced home today, and know that there is a 14 month supply you have to take this into consideration as you determine your marketing elements of pricing, staging, etc.  If you don’t do all you can do the buyer has plenty of other homes to choose from.  Each showing needs to be maximized for it’s potential to sell before that buyer walks into another Spartanburg county home. Click here to search Boiling Springs homes in the $125,000 to $200,000 price range.

Next we will look at the $200,000 to $300,000 price range.

Here is the table we have discussed to this point: