Home sales will remain soft in the months ahead, but improved affordability conditions should help with a recovery, according to the National Association of Realtors. The recovery looks to be a long process with job numbers being lower than expected in the last couple of months. However, affordability could reach a generational high in the second half of this year because of rock-bottom mortgage interest rates. The loan underwriting standards are tighter, but home buyers can improve their chances of getting a loan by staying well within their budget.
Take a look at how the Greenville NC real estate market fared in August.
Greenville NC real estate sales statistics for August show that the average sales price has increased by 19% to $172,170. While pending sales have decreased by 10% when compared to August 2009. Sold listings increased by 3% from 2009 and new listings have decreased by 23%. Market times have decreased by 10 days or 8% from 2009.
|
Date |
New |
Pending |
Sold |
Average |
DOM |
|
Aug 2010 |
118 |
90 |
75 |
$172,170 |
123 |
|
Aug 2009 |
154 |
100 |
73 |
$138,961 |
133 |
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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