A look at the numbers for June, show that we are definitely in a Buyers Market in the Greensboro area.
If you are in the market to buy a home this is great news for you!
If you're seriously thinking about selling your home or you already have your home on the market and you're seriously ready to sell, then you need to make sure you price it correctly for the current market. With an active inventory of over 4900 Listings in Guilford County and only a little over 650 homes selling (closing) per month since March, you have to make sure your home is priced right and ready to sell!
What was hot in June? Homes selling between $100,000 & $200,000 accounted for 45% of the sales in the Greensboro area with an average of 80 days on the market and a list to sale ratio of 97.5%.
June 2008 Stats...
New Listings: 979
- Existing Homes: 833
- New Construction: 146
Listed homes going under contract: 527
Listed homes closing (sold): 518
- Avg List Price of sold homes: $197,617
- Avg Sale Price of sold homes: $$190,915 (96.6% of List Price)
- Avg Days on Market: 87
Listed homes expiring or withdrawn from market: 527
Current Listing Stats
Average Days on Market for Active Listings: 132
Average List Price for Single Family Homes: $242,000
These Greensboro Market Statistics include all of Guilford County including High Point, Oak Ridge and Summerfield. All information is derived from the Triad MLS and is believed reliable but is not guaranteed.
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