Category Archives: Buyers
Curious about market activity in The Greenville NC – Pitt County market? Closed sales are an indicator of market activity 30-60 days earlier in terms of contracts written.
We are seeing the first signs of market revival. Here are the sales through the Greenville-Pitt multiple listing services.
Jan – Feb closed sales are up over the previous four years. These show that market activity increased in November and December of 2012. These are the first signs of a market improving and housing prices starting to rebound.
Let’s look at the stats.
Jan & Feb closed sales by year.
2013 – 36.7 Million
2012 – 23.5 Million
2011 – 28.5 Million
2010 – 30.7 Million
2009 – 24.9 Million
There is a 36% increase in closed sales over the average of the past 4 years. The market in changing and prices will finally start to increase as demand rises. Great news for sellers! For buyers, this could be the perfect time to get into the market.
When do homes go on the market in Greenville, NC & Pitt County?
In the past 12 months through the Greenville Pitt MLS system, homes go on the market more often in the first 6 months of the year.
This chart shows the percentage of homes placed on the market in the past 12 months through Greenville Pitt MLS.
1st Quarter Jan – Mar 29%
2nd Quarter Apr – June 30%
3rd Quarter July – Sept 23%
4th Quarter Oct – Dec 18%
59% of homes go on the market in the first 6 months of the year, with 41% going on the market the last 6 months.
What does this mean to buyers?
Chances are the selection will be large in the Spring, but as we approach Thanksgiving and Christmas the seller may be more willing to negotiate.