Greenville NC Real Estate Sales Statistics - August 2009

By
Real Estate Agent with RE/MAX Preferred Realty

Contract activity for pending home sales has risen for six straight months, a pattern not seen in the history of the index since it began in 2001, according to the National Association of Realtors®.

The Pending Home Sales Index, a forward-looking indicator based on contracts signed in July, increased 3.2 percent to 97.6 from a reading of 94.6 in June, and is 12.0 percent higher than July 2008 when it was 87.1.  The index is at the highest level since June 2007 when it was 100.7.

Lawrence Yun, NAR chief economist, said the housing market momentum has clearly turned for the better.  "The recovery is broad-based across many parts of the country.  Housing affordability has been at record highs this year with the added stimulus of a first-time buyer tax credit," he said. "Other buyers are taking advantage of low home values before prices turn higher.  Nationally, the typical mortgage payment now takes less than 25 percent of a middle-income family's monthly income to buy a median priced home, with payment percentages so far in 2009 being the lowest on record dating back to 1970.  As long as home buyers stay within their budget, mortgage payments will be very manageable," Yun said. 

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

Greenville NC real estate sales statistics for August show that the average sales price has decreased by 13% to $164,473.  While pending sales have increased by 8% compared to August 2008 and sold listings were down 31% from 2008.  Market times increased by 31 days or 26% from 2008. 

Date

New
Listings

Pending
Listings

Sold
Listings

Average
Sales Price

DOM

Aug 2009

108

74

45

$164,473

121

Aug 2008

135

68

65

$189,756

90

Don't forget the clock is ticking to use 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. 

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