Greensboro, NC Real Estate Home Report:
The Greensboro Home Market Report continues to show some signs of improvement. The number of homes under contract in Greensboro remains healthy, increasing 12% when compared to last month. The number of homes under contract is an indicator of how the house market is going to do in the next 30-60 days. In addition, the number of homes sold increased by 7% when compared to February 2010.
The following Greensboro, NC housing data was retrieved from the Triad MLS on March 4, 2011 and focuses on Greensboro, NC Single Family Real Estate Home Sales for February 2011. Check out the data below for all the details:
Active Homes for Sale:
The number of Greensboro Single Family homes for sale: 2,038
Median Price: $150,000
Average DOM (Days on Market): 154
Comments: The number of active homes for sale is down 18% compared to February 2010 and is down 1.2% compared to January 2011.
The number Greensboro Single Family Homes listed for sale (new listings) in February 2011: 342
- The month before (January 2011): 344
- Last year (February 2010): 461
Comments: The number of homes newly listed has decreased by 26% compared to February 2010 and has remained flat compared to January 2011. Significantly less new listings are becoming available, which greatly impacts the supply-and-demand of homes.
Pending Homes for Sale:
The number of Greensboro Single Family Homes under contract: 169
- Previous Month (January 2011): 151
- Last Year (February 2010): 168
Comments: The number of homes that went under contract in Greensboro, NC has increased by 12% when compared to January 2011 and has remained steady when compared to February 2010.
The number of Greensboro Single Family Homes sold: 122
Median Sold Price: $157,000
Average Days on Market: 132
Homes Sold Previous Month (January 2011): 127
Homes Sold Last Year (February 2010): 114
Comments: The number of homes closing this month increased by 7% compared to February 2010 and the median price was $157,000. This is the highest median price in over a year, meaning that some of our higher priced homes are starting to sell better.
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Team Leung is the #1 Power Team in the Keller Williams Triad Area for three years 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.