What is Happening in Greenfield real estate Market in March 2009?

March 2009 we saw a significant improvement over previous months this year!

During March there was 21 sales compared to 16 in March 2008 and a total of 24 sale in all of January and Febuary! The good news is that there were only 55 new listings added in March compared to 69 new listings added in 2008. This means that there is less inventory for people to view!!

Reviewing the sales that closed in March, the average price was $140,978 which was 98.04% of the list price and 92.83% of the orignial list price. The average time on the market was 133 days.

The current inventory of properties on the market is 271 with an average list price of $187,324 and have been on the market an average of 138 days.