Home sales in Greensboro up for 3rd straight month

Tuesday, May 12, 2009

Sales of existing single-family homes in Greensboro rose in April for the third straight month, according to data prepared by Triad MLS Inc. for the Greensboro Regional Realtors Association.

A total of 439 homes were sold in Greensboro in April 2009, an increase from 357 in March but less than the 499 units sold in April 2008.

"A three-month increase heading into summer suggests more good news could be on the way, especially since mortgage interest rates remain at all-time lows," GRRA President Betty Smith stated in a news release.

The average sales price of an existing single-family home rose to $149,149 in April from $147,878 in March. The median sale price also rose to $123,900 from $121,000 in March. Both figures were lower than the April 2008 median of $135,000.

The total dollar volume for all units in April was $65,476,529, up from $52,792,512 in March. Both are lower than April 2008's total dollar volume of $81,580,361.

Homes are also selling at a brisker pace. The number of single-family homes on the market less than 30 days rose to 100. Only 68 homes moved in under 30 days in March.

http://www.news-record.com/content/2009/05/12/article/home_sales_in_greensboro_up_for_3rd_straight_month