Spartanburg and Boiling Springs Homes for Sale From $200,000 to $300,000

Today we will take a brief look at Spartanburg county homes selling in the price range of $200,000 to $300,000.  There are currently 506 Spartanburg homes for sale in the price range with 306 homes selling in the last year.  This converts to 25.6 homes sold per month for a 19.8 month supply of homes in the Spartanburg real estate market.  As seen in the chart below this inventory supply balloons to 26 months for homes prices from $250,000 to $300,000.  Clearly this speaks to our local market and income demographic as affordable monthly mortgage payments remain at lower levels during this economic environment.

It also tells us that lenders and builders did not do their economic home work well enough by clearly over targeting this price range.  These people are not dumb so market conditions can obviously  be tricky.  As square footage goes up profitability tends to go up as well attracting more builders to build larger and larger homes.

On the bright side this potentially represents a good buying opportunity for higher priced Spartanburg homes.  Those with secure and appropriately sized incomes might want to consider “watching” this price segement for bargains that would make a purchase in this range attainable or just more comfortable financially.  Click here to search Boiling Springs Real Estate from $200,000 to $300,000 . Call me if I can help in anyway.