Home sales rose sharply in the final three months of 2010, mostly due to more stable prices, according to a report from CNN.com. Sales jumped 15.4% in the fourth quarter to an annual rate of 4.8 million units compared with 4.16 million units during the third quarter of 2010. Prices of single-family homes stabilized, rising 0.2% compared with 12 months earlier and the national median for homes sold during the period was $170,600.

"Home sales clearly recovered in the latter part of 2010, and are helping to absorb the inventory, including many distressed properties," said Lawrence Yun, chief economist of the National Association of Realtors.

Let’s take a look our local Greenville market statistics for January.

Greenville NC real estate sales statistics for January saw sold listings decrease by 14% when compared to January 2010.  While the average sales price has increased by 3% to $178,219.  New listings have decreased by 36% from 2010 and pending sales have decreased by 39%.  Market times have decreased by 5 days or 4% from 2010.

Date New
Listings		 Pending
Sales		 Sold
Listings		 Average
Sale Price		 DOM
Jan 2011 112 49 37 $ 178,219 127
Jan 2010 175 80 43 $ 173,566 132

Learn more about the Greenville NC real estate market by visiting our websites, LizFreeman.com and LizFreemanHomes.com.

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Information is provided by the Greenville Multiple Listing Service and is deemed accurate but not guaranteed.