Greensboro Home Market Report for January 2011

Greensboro, NC Real Estate Home Report:

The Greensboro Home Market Report shows some solid improvements from the same time last year. The number of homes under contract in Greensboro remains healthy, increasing 11% when compared to January 2010. 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 34% for the same period.

Interest rates continue to be extremely low and the inventory of homes is high. However, even though interest rates are still low, we have seen them steadily increase over the last few weeks so don't delay if you are considering a new home or real estate investment property. Also, although the inventory of homes is still high, homes for sale in Greensboro has dropped since last month, as has the number of new homes being listed for sale. I've said it over and over but it bears repeating...now really is a great time to buy. This goes for First Time Home Buyers and Investors.

The following Greensboro, NC housing data was retrieved from the Triad MLS on February 7, 2011 and focuses on Greensboro, NC Single Family Real Estate Home Sales for January 2011. Check out the data below for all the details:

Active Homes for Sale:

The number of Greensboro Single Family homes for sale: 2,052

Median Price: $149,900

Average DOM (Days on Market): 158

Comments: The number of active homes for sale is down 12% compared to January 2010 and is down 4% compared to December 2010.

Report of Greensboro homes for sale

The number Greensboro Single Family Homes listed for sale (new listings) in January 2011: 347

• The month before (December 2010): 269
• Last year (January 2010): 446
  

Comments: The number of homes newly listed has decreased by 22% compared to January 2010 and has increased by 29% compared to December 2010.

Detailed Report of New Properties Listed

Pending Homes for Sale:

The number of Greensboro Single Family Homes under contract: 154

• Previous Month (December 2010): 143
  
• Last Year (January 2010): 107

Comments: The number of homes that went under contract in Greensboro, NC has increased by 8% when compared to December 2010 and has increased by a 11% when compared to January 2010.

Detailed Report of Pending Homes

Homes Sold:

The number of Greensboro Single Family Homes sold: 125

Median Sold Price: $132,000

Average Days on Market: 107

Homes Sold Previous Month (December 2010): 151

Homes Sold Last Year (January 2010): 88

Comments: The number of homes closing this month increased by a whopping 34% compared to January 2010 but has decreased by 17% compared to December 2010.

Detailed Report on Greensboro Homes Sold

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Also see:

• Guilford Hills Home Report
• Kirkwood Home Report
• Lindley Park Home Report
• Starmount Home Report
• Sunset Hills Home Report

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.