Monday, April 23, 2012

Homes Sales: Don't Believe Everything You Read...

In our office, the ongoing advice is "don't watch the news or read the paper".  At least when it comes to the real estate market.  In general, those blanket statement, negative headline stories just don't apply here in Forsyth County.  Sure, the Forsyth County home sales market has been greatly impacted over the past 4 years; there has been a significant adjustment in home sales prices.  But Forsyth County had one of their busiest winter selling seasons, and spring is proving to be no different.  Inventory levels are down, and sales and pricing is up.  Check it out:

FORSYTH COUNTY YEAR-OVER-YEAR SALES/INVENTORY STATS
Measure Month 2012 2011 % Change
Closed Sales January 109 83 31.30%
(Units) February 131 127 3.10%
March 168 165 1.80%
Measure Month 2012 2011 % Change
Closed Sales January $25,590,038 $19,530,553 31.00%
(Volume) February $31,690,386 $28,677,748 10.50%
March $41,147,276 $35,536,764 15.80%
Measure Month 2012 2011 % Change
Average Sales Price January $234,771 $235,308 -0.20%
February $241,911 $225,809 7.10%
March $244,924 $215,374 13.70%
Measure Month 2012 2011 % Change
Active Listings January 1,227 1,723 -28.80%
February 1,197 1,709 -30.00%
March 1,248 1,783 -30.00%
Measure Month 2012 2011 % Change
Average Days on Market January 142 146 -2.70%
February 117 132 -11.40%
March 108 145 -25.50%
Measure Month 2012 2011 % Change
New Foreclosures January 34 50 -32.00%
February 24 55 -56.40%
March 42 46 -8.70%
There are a lot of great things about living in Forsyth County, and the stabilizing home market is one of them.  

If you want more detailed or specific information, please don't hesitate to contact me. 

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