Let’s see what the numbers look like for currently listed properties in Greensboro this week.
There are a few more listings on the market this week than last *sigh* but few than the two weeks previous to that.
This week, 2871 houses on the market. Last week 2847. That’s 25 (.9%) more. Again, still compared to 4 weeks ago were down from 2980 which is -108 (-3.6%)
For those of you who aren’t regular readers of this blog (?!!?) I’ll explain why we smile when there are fewer properties on the market.
One of the many problems with the economy is the distressed state of the housing market. And one of the many problems with the housing market is the large inventory of houses for sale. Too many houses for sale leads to prices which are stagnant at best and truly distressed in harder hit areas. This makes everyone - even those who aren’t trying to sell their houses but only live next door to someone trying to sell their house - feel distressed.
[And you know, Dear Reader, that by "distressed" I mean "stinking like a huge pile of steaming crap from an ox with Irritable Bowel Syndrome who had asparagus and a dead skunk for lunch". But every once in a great while my children read this blog and I don't want them thinking their mother is a Potty Mouth.]
The average listing price has declined a bit, now at $228,009 down from last weeks $228,720. Again, this is an improvement over 4 weeks ago when the average listing price was $225,417, but it’s down nonetheless.
For the week of December 30, 2008:
- 2872 - Total properties for sale in Greensboro
- 2543 - Active Listings (89%)
- 329 - Pending Sales (11%)
- $228,009 - Average List Price
Of these listings, they break down by property type like this….
… and by Greensboro zip codes ….
… and the average prices in those zip codes ….
… and, finally, the weekly average list prices within the zip codes …
As always, if you have any questions, comments or a good joke shoot me an email. I’m a full time Realtor, I love what I do and I’d be thrilled to hear from you.
* Data per Triad MLS (Multiple Listing Service) as of 12/23/2008. Isn’t it 2009 yet?!
