Greensboro home sales are up, but prices are down
Sales in our area are reported to be up 11% in the first quarter of this year. Sales were a bit higher for the same time period in 2010. This is attributed to the federal tax credit for first time home buyers that was in effect early last year.
602 existing single-family homes were sold in January, February and March of 2011. That's up 10.8 percent compared to the last quarter of 2010.
Average sales price
First quarter 2011: $172,456.
Fourth quarter 2010: $188,527
First quarter 2010: $173,738
Average time on market
First quarter 2011: 114.8 days
Fourth quarter 2010: 114 days
Inventory of homes
After first quarter 2011: 2,352
After first quarter 2010: 2,746
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