Greensboro, NC Real Estate Home Report:
The Greensboro Home Market Report for this month requires a thorough and careful review. When comparing First Quarter 2011 to First Quarter 2010, there was virtually no change in the number of homes sold. However, during the Spring of 2010, the market was boosted by the Federal Home Buyers Tax Credit. We have not had the benefit of that program in 2011 but the total sales are almost at the same level. However, if you only compare March 2010 to March 2011, the statistics look a little glum. Check out the details below.
The following Greensboro, NC housing data was retrieved from the Triad MLS on April 6, 2011 and focuses on Greensboro, NC Single Family Real Estate Home Sales for March 2011. Check out the data below for all the details:
Active Homes for Sale:
- The number of Greensboro Single Family homes for sale: 2,187
- Median Price: $158,500
- Average DOM (Days on Market): 151
Comments: The number of active homes for sale is down 21% compared to March 2010 but is 5.5% higher compared to February 2011.
The number Greensboro Single Family Homes listed for sale (new listings) in March 2011: 425
- The month before (February 2011): 342
- Last year (March 2010): 620
Comments: The number of homes newly listed has decreased by 31% compared to March 2010 and has fallen 24% compared to last month. As less new listings are becoming available, less homes are available for purchase.
Pending Homes for Sale:
The number of Greensboro Single Family Homes under contract: 225
- Previous Month (February 2011): 159
- Last Year (March 2010): 264
- First Quarter 2011: 527
- First Quarter 2010: 606
Comments: The number of homes that went under contract in Greensboro, NC has increased by 42% when compared to February 2011 but has fallen by 15% when compared to March 2010. Keep in mind that the Federal Home Buyer Tax Credit last spring caused a spike in home sales in the first few months of 2010.
- The number of Greensboro Single Family Homes sold: 151
- Median Sold Price: $123,500
- Average Days on Market: 151
- Homes Sold Previous Month (February 2011): 123
- Homes Sold Last Year (March 2010): 207
- Homes Sold First Quarter 2011: 407
- Homes Sold First Quarter 2010: 415
Comments: The number of homes sold during the first quarter of 2011 was 2% less than the number of homes sold during the first three months of 2010.
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Team Leung is the #1 Power Team in the Keller Williams Triad Area for four years in a row! We can be contacted at 336-508-1111 or www.GreensboroAreaHomes.com. Team Leung consists of Andy Leung, Lisa Postlmayr, Kelly Walters and Heather Dodson.