Greenville NC Real Estate Sales Statistics - April 2009

Friday, May 22, 2009

by Liz Freeman

Pending home sales rose with many first-time buyers taking advantage of historically good housing affordability conditions, according to the National Association of Realtors®.

The Pending Home Sales Index, a forward-looking indicator based on contracts signed in March, increased 3.2 percent to 84.6 from a level of 82.0 in February, and is 1.1 percent higher than March 2008 when it was 83.7.

Lawrence Yun, NAR chief economist, said it should take a few months for the market to gain momentum. “This increase could be the leading edge of first-time buyers responding to very favorable affordability conditions and an $8,000 tax credit, which increases buying power even more in areas where special programs allow buyers to use it as a downpayment,” he said. “We need several months of sustained growth to demonstrate a recovery in housing, which is necessary for the overall economy to turn around.”

Let’s take a look at the April sales statistics to see how the Greenville NC real estate market looks:

Greenville NC real estate sales statistics for April show pending sales decreased by 19% in 2009 compared to April 2008. The average sales price decreased by 13% to $161,383 while sold listings were down 39% from 2008. Market times increased 17 days or 11% from 2008.