Greenville NC Real Estate Sales Statistics - September 2009

Pending home sales have increased for seven straight months, the longest in the series of the index which began in 2001, according to the National Association of Realtors®.

The Pending Home Sales Index, a forward-looking indicator based on contracts signed in August, rose 6.4 percent to 103.8 from a reading of 97.6 in July, and is 12.4 percent above August 2008 when it was 92.4. The index is at the highest level since March 2007 when it was 104.5.

Lawrence Yun, NAR chief economist, said not all contracts are turning into closed sales within an expected timeframe. "The rise in pending home sales shows buyers are returning to the market and signing contracts, but deals are not necessarily closing because of long delays related to short sales, and issues regarding complex new appraisal rules," he said. "No doubt many first-time buyers are rushing to beat the deadline for the $8,000 tax credit, which expires at the end of next month."

Let's take a look at the September sales statistics to see how the Greenville NC real estate market looks:

Greenville NC real estate sales statistics for September show that the average sales price has decreased by 11% to $168,013. While pending sales have increased by 18% compared to September 2008 and sold listings increased by 6% from 2008. Market times increased by 36 days or 26% from 2008.

Don't forget there are only a few weeks left to benefit from the $8,000 first time home buyer tax credit. Give us a call to make your dream home a reality!!

Learn more about the Greenville NC real estate market by visiting our websites, LizFreeman.com and LizFreemanHomes.com.

Search all Greenville NC homes for sale.

Information is provided by the Greenville Multiple Listing Service and is deemed accurate but not guaranteed.