Greenville NC Real Estate Sales Statistics - January 2010

Home sales surged in the fourth quarter of 2009 with many areas seeing double digit gains according to the National Association of Realtors. Total existing-home sales (single-family and condo) jumped 13.9 percent above the third quarter and 27.2 percent above the fourth quarter of 2008. Distressed property sales accounted for 32 percent of the fourth quarter transactions, down from 37 percent from 2008.

Lawrence Yun , NAR chief economist, said the first-time home buyer tax credit, combined with record low interest rates, played a dominant role in fourth quarter sales. Yun went on to say, "With inventory levels trending down over the past 18 months, we expect broadly balanced housing market conditions in much of the country by late spring with more areas showing higher prices."

Let's look at January Greenville NC real estate sales statistics to see how the housing recovery is progressing locally.

Greenville NC Real Estate Sales Statistics - January 2010

Greenville NC real estate sales for January show that the average sales price has increased by 8% to $221,964.  While pending sales have decrease by 9% when compared to January 2009.  Sold listings increased by 17% from 2009.  Market times have increased by 82 days or 48% from 2009.

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

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