Here is the latest Greensboro Home Market Report for the first half of 2011. Thinking back to last year, remember that the Federal Home Buyers Tax Credit provided up to $8,000 to buyers who had homes closed by June 30 (there was an extension but most homes closed by that date). As a result, there was a large spike in homes sold during the first part of 2010, which leveled off significantly for the rest of 2010. Check out the details below.
The following Greensboro, NC housing data was retrieved from the Triad MLS on July 5, 2011 and focuses on Greensboro, NC Single Family Real Estate Home Sales as of June 2011. Check out the data below for all the details:
Active Homes for Sale:
- The number of Greensboro Single Family homes for sale: 2,243
- Median Price: $164,900
- Average DOM (Days on Market): 150
Comments: The number of active homes for sale is down 12% compared to June 2010 and has decreased by 2% when compared to May 2011. Less homes on the market is good news for sellers because of decreased competition.
The number Greensboro Single Family Homes listed for sale (new listings) in June 2011: 332
- The month before (May 2011): 382
- Last year (June 2010): 430
Comments: The number of homes newly listed has decreased by 23% compared to June 2010 and has decreased by 13% compared to last month.
Pending Homes for Sale:
The number of Greensboro Single Family Homes under contract: 149
- Previous Month (May 2011): 213
- Last Year (June 2010): 153
Comments: The number of homes that went under contract in Greensboro, NC has decreased by 3% when compared to June 2010 and decreased by 30% when compared to May 2011.
- The number of Greensboro Single Family Homes sold: 194
- Median Sold Price: $149,250
- Average Days on Market: 115
- Homes Sold Previous Month (May 2011): 184
- Homes Sold Last Year (June 2010): 277
- Homes Sold Two Years Ago (June 2009): 198
Comments: The number of homes that sold in Greensboro, NC has decreased by 30% when compared to June 2010 but has remained unchanged when compared to June 2009. The Federal Home Buyer Tax Credit last spring caused a spike in home sales in the first few months of 2010 with a noticable decline during the rest of the year.
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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.