Prudential Yost & Little Realty April Market Report
GREENSBORO, N.C., May 17, 2013 /PRNewswire-iReach/ -- Prudential Yost & Little Realty, the Triad's leading residential real estate firm, has released information about the local real estate market in the Greensboro area. Their report focuses on closed sales, average sales price, days on market and the inventory of homes for sale.
Many signs are showing that the housing market is in the process of a recovery. Reports show an increase of 40% for units sold during April from 2012 and a 15% increase year-to-date. The average sales price was at $154,055, a decrease of about 8% from 2012. The average days on market continue to decrease significantly; down to 101 days, which is a 10% decrease from 2012, and 12% year-to-date.
With the significant increase in sales activity, listing inventory has dropped 8% from 2012.
"Clearly now is a good time to buy a home. Interest rates are at historic lows, the economy is improving, and it appears that in some areas home prices are once again increasing," said Tommy Camp, Prudential Yost & Little President & CEO. "Of course, if someone has been thinking about selling and has put off making that decision, with available homes for sale decreasing so rapidly now could be a good time to sell."
Visit www.PruYostandLittle.com to learn more about residential real estate in the Greensboro area.
The Prudential Carolinas Realty Family of Companies has more than 600 sales associates and 14 offices across North Carolina. It is one of the largest residential real estate firms serving all three of North Carolina's major metropolitan markets – doing business as and Prudential Yost & Little in Greensboro, Prudential Carolinas in Winston-Salem and Charlotte and Prudential York Simpson Underwood in the Triangle,. Prudential Carolinas Realty, Prudential York Simpson Underwood Realty, and Prudential Yost & Little Realty are members of the family of companies that make up HomeServices of America, Inc., a Berkshire Hathaway affiliate and one of the largest and fastest‐growing real estate organizations in America. Find out more by visiting PruCarolinas.com, PruYSU.com, and PruYostandLittle.com.
Chrissy Shifflett Prudential Yost & Little Realty, 704-227-3021, Chrissy.Shifflett@PruYostandLittle.com
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SOURCE Prudential Yost & Little Realty