Greenville NC Real Estate Sales Statistics - Dec 2009

Contract activity for pending home sales fell after a surge of activity in preceding months to beat the original deadline for the first-time home buyer tax credit but remains comfortably above a year ago, according to the National Association of Realtors®.

The Pending Home Sales Index, a forward-looking indicator based on contracts signed in November, fell 16.0 percent to 96.0 from an upwardly revised 114.3 in October, but is 15.5 percent higher than November 2008 when it was 83.1.

Lawrence Yun, NAR chief economist, said a drop was expected. "It will be at least early spring before we see notable gains in sales activity as home buyers respond to the recently extended and expanded tax credit," he said. "The fact that pending home sales are comfortably above year-ago levels shows the market has gained sufficient momentum on its own. We expect another surge in the spring as more home buyers take advantage of affordable housing conditions before the tax credit expires."   

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

Greenville NC real estate sales statistics for December show that the average sales price has increased by 2% to $160,098.  While pending sales have remained consistent with December 2008.  Sold listings increased by 10% from 2008.  Market times decreased by 2 days or 1% from 2008.   

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

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