Greensboro, NC Real Estate Home Report:
The Greensboro Home Market Report shows some signs of improvement over the last few months. The number of houses under contract in Greensboro has increased compared to October 2010 and also when compared to November of last year. The number of homes under contract is an indicator of how the house market is going to do in the next 30-60 days.
I continue to see savvy investors and buyers who are snatching up great homes at bargain prices. They know that this is an excellent time to buy because interest rates still are extremely low and the inventory of homes is high. However, even though interest rates are still low but we have seen them steadily increase over the last few weeks so don't delay if you have been considering a new home or investment.
The following Greensboro, NC housing data was retrieved from the Triad MLS on December 7, 2010 and focuses on Greensboro, NC Single Family Real Estate Home Sales in November 2010. Check out the data below for all the details:
Active Homes for Sale:
The number of Greensboro Single Family homes for sale: 2,235
Median Price: $159,900
Average DOM (Days on Market): 158
Comments: The number of active homes for sale is down 7% compared to November 2009 and is down 5% compared to October 2010.
The number Greensboro Single Family Homes listed for sale (new listings) in November 2010: 338
- The month before (October 2010): 292
- Last year (November 2009): 286
Comments: The number of homes newly listed has increased by 16% compared to October 2010 and has increased by 18% compared to November 2009.
Pending Homes for Sale:
The number of Greensboro Single Family Homes under contract: 145
- Previous Month (October 2010): 137
- Last Year (November 2009): 128
Comments: The number of homes that went under contract in Greensboro, NC has increased by 6% when compared to October 2010 and has increased by 13% when compared to November 2009.
The number of Greensboro Single Family Homes sold: 129
Median Sold Price: $135,000
Average Days on Market: 88
Homes Sold Previous Month (October 2010): 120
Homes Sold Last Year (November 2009): 198
Comments: The number of homes closing this month increased by 8% compared to October 2010 but has decreased by 35% compared to November 2009.
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.