So much to write. So many numbers. So little time. I’ve been busy as a bee and, honey, it’s been great.

Granted, not all my time has been occupied with real estate. There was the last minute trip to the beach with Mr. Durango and training for the Dixie Divas Triathlon in which I am entered. But that’s a topic of another post – which I hope not to be writing from an ambulance on the day of the event.

Back to the topic at hand – the state of real estate in Greensboro. There’s a quick bit about some good news in an article in the News & Record. Good news is always, well, good. But here’s some drilling down:

Inventory of available properties in Greensboro as of today is shrinking*. That’s really good news for home sellers. But more importantly, it’s the latest indicator that this most influential component of our economy – housing – has indeed turned the corner.

While home buyers benefit when there is a glut of properties from which to choose, it’s really not in their interests to buy if things seem to be sliding down hill. In the case of Greensboro, that is really not the case.

So, if you’re looking to buy its not too late to take advantage of what is still a buyer’s market (mostly). But you don’t want to dawdle too long. And if you haven’t owned a house in the last three years you REALLY don’t want to miss out on $8,000 of free money – in the form of a tax credit – from the federal government. And yes, that tax credit is legit. For real. Not a trick or tease.

Now let’s see what I’ve been typing away about. Take particular note of the fact that even as the total number of listings is down, the number and percentage of those under contract is up. The active/pending percentages are now 80%/20%. The strongest showing since at least last December. And list prices are holding pretty steady.

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.