Greensboro, NC Realtor

Greensboro, NC Real Estate Market Report

This is a key month to watch Greensboro, NC real estate trends.  August of last year was when we began to see a shift in the economy and a shift in the real estate market locally.  As of September 8, 2009, our closed transaction volume is 36% off what it was last August.  The competition is still fierce as only 7% of homes are making it to the closing table or, in other words, 7 out of 100 homes are sold.  However, the number of transactions pending is almost par with last August.  This may sound like good news but our transaction fall-through rate is almost triple what it was last year:  10% in 2008 compared to 29% in 2009.

Here are the actual numbers pulled off of our MLS as of 9/8/09:

Active homes for sale:  2,324

Median Price:  $174,900

Average days on market:  167

New listings:  364

Homes under contract:  214

Number of homes sold in August 2009:  161

Median Price:  $158,500

Average days on market:  95

Number of homes sold in July 2009:  208

Number of homes sold in August 2008:  252

 

Comment balloon 0 commentsAndy Leung • September 22 2009 10:57AM
Greensboro, NC Real Estate Market Report
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This is a key month to watch Greensboro, NC real estate trends. August of last year was when we began to see a shift in the economy and a shift in the real estate market locally. As of September 8, 2009, our closed transaction volume is 36% off… more
Greensboro, NC Real Estate Market Report as of March 11, 2009
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Greensboro's single family home real estate market is continuing a downward trend when compared to the same time last year. The following Greensboro, NC housing data was retrieved from the Triad MLS on March 11, 2009 and focuses on Greensboro, NC… more