Pending home sales have risen for three consecutive months, reflecting the broad impact of the home buyer tax credit and favorable housing affordability conditions, according to the National Association of Realtors®.
The Pending Home Sales Index rose 6.0 percent to 110.9 based on sales contracts signed in April. This figure is up from 104.6 in March, and is 22.4 percent higher than April 2009 when it was 90.6 and reflects increases of 7.1 percent in March and 8.3 percent in February.
Pending home sales are at the highest level since last October when the index reached 112.4 and first-time buyers were rushing to beat the initial deadline for the tax credit. The data reflects sales contracts and not closings, which usually occur with a lag time of one or two months.
Let's look at May real estate sales to see how the Greenville NC real estate market is faring.
Greenville NC Real Estate Sales Statistics - May 2010
Greenville NC real estate sales statistics for May show that the average sales price has increased by 10% to $162,005. While pending sales decreased by 39% when compared to May 2009. Sold listings increased by 1% from 2009 and new listings have decreased by 8%. Market times have decreased by 13 days or 9% from 2009.
|
Date |
New |
Pending |
Sold |
Average |
DOM |
|
May 2010 |
132 |
72 |
115 |
$162,005 |
131 |
|
May 2009 |
144 |
117 |
114 |
$146,479 |
144 |
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.
