Greensboro, NC Realtor: Greensboro, NC First Quarter 2010 Real Estate Market Report

Greensboro, NC First Quarter 2010 Real Estate Market Report

The following Greensboro, NC housing data was retrieved from the Triad MLS on April 6, 2010 and focuses on Greensboro, NC Single Family Real Estate Home Sales in March 2010. 

The numbers for March indicate a real estate market that is trying to rebound.  With 645 single family home closing in Greensboro during the first quarter of 2010, this data shows the market being only 4% off from the same quarter last year.  Homes under contract (pending) in Greensboro have increased by 54% when compared to 2009 for the month of March.  We expect that we will finish April strong but are not sure what May will bring.  The tax credits for new and existing homeowners are set to expire on April 30th and there is no doubt that the tax credits have helped fuel some of these increases in sales.   

All of these factors make this the ideal time for buyers to get off the fence and purchase.    With interest rates starting to inch upward, a huge selection of homes plus the tax credit from Uncle Sam, buying right now is a sweet deal for qualified buyers.  Sellers need to be aware that buyers may be more scarce after April 30.

Active Homes for Sale:

The number of Greensboro Single Family homes for sale:  2,697

Median Price: $160,000

Average DOM (Days on Market):  132

Comments:  The number of active homes for sale is up 9% compared to March 2009 and is up 10% compared to February 2010.

  Greensboro NC real estate homes for saleClick here for a detailed report of Greensboro homes for sale.

The number Greensboro Single Family Homes listed for sale (new listings) in March 2010:   609

  • The month before (February 2010):   460
  • Last year (March 2009):       431

Comments:  The number of homes newly listed has jumped by 41% compared to March 2009 and has also increased by 32% compared to February 2010.  More new homes coming onto the market means more competition for sellers and better conditions for buyers.

 Greensboro NC newly listed homes for saleClick here to see a detailed report of new properties listed. 

Pending Homes for Sale:

The number of Greensboro Single Family Homes under contract:  284

  • Previous Month (February 2010):       183
  • Last Year (March 2009):            185

Comments:  The number of homes that went under contract in Greensboro, NC has remained a positive statistic.  It increased by 54% when compared to March 2009 and has also increased by 55% when compared to February 2010.  This is a number we will continue to monitor closely.  This figure is critical as it will indicate what is going to happen during the next 30-90 days. 
Greensboro NC real estate homes under contractClick here to see a detailed report of pending homes. 

Homes Sold:

The number of Greensboro Single Family Homes sold:  172

Median Sold Price:                                    $135,450

Average Days on Market:                            95

  • Homes Sold Previous Month (February 2010):   112
  • Homes Sold Last Year (March 2009):       144

Comments:  The number of homes closing this month increased by 19% compared to March 2009 and is up 53.6% compared to February 2010. 

Greensboro NC real estate homes soldClick here to see a report on homes sold.

Greensboro NC Homes for saleClick Here to search all homes for sale in Greensboro, NC

Greensboro NC real estate house valuesClick Here to get a customized report of your house value by email

Also see: 

Team Leung is the #1 Power Team in the Keller Williams Triad Area for the third year in a row!  We can be contacted at 336-508-1111 or www.GreensboroAreaHomes.com.  Team Leung consists of Andy LeungLisa PostlmayrKelly Walters and Heather Dodson.

Comment balloon 0 commentsAndy Leung • April 14 2010 01:36PM

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