Greensboro, NC Realtor: Greensboro, NC Real Estate Market Report as of March 11, 2009

Greensboro, NC Real Estate Market Report as of March 11, 2009

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 Single Family Real Estate Home Sales in February 2009: 

Active Homes for Sale:

The number of Greensboro Single Family homes for sale:  2,213

Median Price:                                                    $166,900

Average DOM (Days on Market):                 153   

Comments:  The number of active homes for sale is down 4% compared to February 2008 but has increased very slightly by 1% compared to January 2009.  Click here to see the Detailed Graph of The Number of Greensboro Homes for Sale from February 2008 to February 2009: market report-actives feb 09.pdf

The number Greensboro Single Family Homes listed for sale (new listings) in February 2009:   358

  • The month before (January 2009):    349     
  • Last year (February 2008):              424         

Comments:  The number of homes newly listed has dropped when compared to February 2008 by 16% but has increased by 2.5% compared to January 2009.  Click here to see the Detailed Graph on The Number of New Properties Listed By Month from February 2008-February 2009: market report-new listings feb 09.pdf

Pending Homes for Sale:

The number of Greensboro Single Family Homes under contract: 164 

  • Previous Month (January 2009):         148  
  • Last Year (February 2008):                197      

Comments:  The number of homes that went under contract in Greensboro, NC in February 2009 is up 10.8% when compared to January 2009 but down by 17% when compared to February 2008.  Historically, February has been a more active market when compared to January.  The past three months have had pending contracts lag about 33% compared to the same months last year.  Please remember that not all pendings close due to fall through from financing, repair issues, etc.  Click here to see the Detailed Graph on The Number of Pending Properties Listed By Month from February 2008 to February 2009: market report-pending feb 09.pdf

Homes Sold:

The number of Greensboro Single Family Homes sold:  114

Median Sold Price:                                    $128,500

Average Days on Market:                                  97

  • Homes Sold Previous Month (January 2009):                103 
  • Homes Sold Last Year (February 2008):                       215     

Comments:  The number of Greensboro homes closing is down by 47% compared to February 2008, but is up 11% compared to January 2009.  Click here to see the Detailed Graph on The Number of Sold Properties by Month:  market report-sold feb 09.pdf

Comment balloon 0 commentsAndy Leung • March 30 2009 11:33AM

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