Summertime Sales helps relieve Listing surplus in Greenville NC

The summer sales season in Greenville NC has been better than many may have expected. As I often do I was looking at the numbers this morning to see how well the market is doing. Today's plan was to see how the summer sales season has been when compared to the number of listing available. These numbers are based on sales from Memorial day 2009 to today, 8-18-09. Many sellers are waiting to list their homes once the prices have started to go back up in this market. That will happen once the supply and demand has leveled off. Now for the good news, from 100k -150k , based on the current active listings 52% of that number has sold since Memorial Day. From 150k - 200K the percentage is 41%, and from 200k - 250k the percentage is 31%, 250k - 300k is 26% , 300k - 350k is 17%. Once we get above those numbers the results are not quite as impressive. So bottom line is we still have a ways to go but we are making progress moving the large inventory of homes so that the prices can start going up again.