Greensboro, NC Real Estate Home Report:
The following Greensboro, NC housing data was retrieved from the Triad MLS on July 6, 2010 and focuses on Greensboro, NC Single Family Real Estate Home Sales in June 2010.
How low can they go? That is what we keep wondering as we watch the interest rates continue to fall. Current market conditions and low interest rates present a great opportunity for home buyers!
Furthermore, Greensboro is recovering from its slump. The homes under contract have increased since last month, which is a good sign because we weren't sure if the market was going to continue to fall or rebound. Check out the data below for all the details.
Active Homes for Sale:
The number of Greensboro Single Family homes for sale: 2,621
Median Price: $165,000
Average DOM (Days on Market): 135
Comments: The number of active homes for sale is up 4% compared to June 2009 and is up 2% compared to May 2010.
The number Greensboro Single Family Homes listed for sale (new listings) in June 2010: 429
- The month before (May 2010): 390
- Last year (June 2009): 379
Comments: The number of homes newly listed has increased by 10% compared to May 2010 and has increased by 13% compared to June 2009.
Pending Homes for Sale:
The number of Greensboro Single Family Homes under contract: 170
- Previous Month (May 2010): 142
- Last Year (June 2009): 214
Comments: The number of homes that went under contract in Greensboro, NC has increased by 20% when compared to May 2010 but has decreased by 21% when compared to June 2009. As expected the number of homes under contract has decreased but not as much as the doomsayers predicted.
The number of Greensboro Single Family Homes sold: 250
Median Sold Price: $153,200
Average Days on Market: 97
- Homes Sold Previous Month (May 2010): 256
- Homes Sold Last Year (June 2009): 198
Comments: The number of homes closing this month decreased by 2% compared to May 2010 but has increased by 26% compared to June 2009. The rest of the summer will be the true test of how our Greensboro market will perform after the expiration of the Federal Tax Credit.
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 Leung, Lisa Postlmayr, Kelly Walters and Heather Dodson.