This morning John Robinson, the editor of the News & Record wrote a blog post about how publishing information does not always make one popular. While I’m no reporter, journalist or editor I can identify in the tiniest way because the topic about which I write – the Greensboro real estate market – provides statistics that are pleasant to share some times more than others.
Behold: One of the others.
This week’s numbers show that inventory of properties for sale in Greensboro are up and the average list price is down.* Again. And the number of active properties (that is, on the market and not ‘pending’ sale) is as high as it’s been since late December 2008.
This data will not make sellers happy. Nor real estate professionals. It doesn’t thrill me, let me tell you. But there you are. We have seen improvement in the number of foreclosures in Greensboro and that is definitely good news that we hope to see continue. But for now, overall inventory is higher than we’d like to see.
On the bright side, buyers should LOVE this news. So many houses from which to choose. Low rates. $8000 tax credit (that cat be used towards down payment).
Maybe I can be one of the popular people after all?
Now, chartville:
As always, whether the news is good or bad, you’ll see it here.
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If you have questions, comments or a good joke to share shoot me an email. I’m a full time Realtor®, I love what I do and would be thrilled to hear from you.
* All data from Triad Multiple Listing Service (MLS) and is only as good as the information entered, which is done by humans, who make errors. The information is only for those residential zip codes for Greensboro and does not include the surrounding communities.
