Greensboro was recently named a “hot” housing market by Money Magazine. That’s nice and all, but what really matters is how many times pen is put to paper and properties close. By that measure, June was indeed hot for Greensboro real estate.
There were 348* closed properties in the nine residential zip codes in Greensboro. That’s up about 34% from June 2009 when there were 259 closed properties. (This is only slightly lower than June 2008, which had 388 closings, but down 19% from June 2007, when there were 428 properties closed….>meh<…)
This was the 5th straight month of improving numbers.
The average closed price is up as well, at $172,052 which is 5% higher than last June ($163,663).
The sales data by zip codes shows that almost all had year-over-year increase in sales. Only 27406 was flat. Two zips, 27401 and 27455 actually had more closings in June 2010 than in the previous two years.
The sales numbers for July will be a test, since the effects of the federal home buyer tax credit will have passed for the most part. But for now, let’s celebrate this hot, hot June.
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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) as of June 29, 2010, 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.
