Greensboro, NC Realtor: Greensboro, NC Real Estate Market Report

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

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