While several areas around the nation are experiencing a down market, there's no evidence of a "real estate bubble" in the Greenville - Pitt County area. Average sales prices, number of properties sold and total sales volume are up while the number of days on the market are down. New construction sales totaled 1,088 for 2006 representing a 38.3% market share. Further proof that good things are happening in Greenville.

For the 12 month period ending in December 2006 vs. the previous 12 months, the average sales price for residential properties in the Pitt County—Greenville, NC area rose by 6.2%. In 2005, the average sales price for a residence in Pitt County was $143,210 as compared with an average price of $152,149 in 2006.

Home sellers in Pitt County were happy to see more sales volume in 2006. Residential home sales totaled $431,493,979 for the  year ending 2006 vs. $377,073,090 in total number of residential home sales volume for 2005—reflecting a 14.4% increase. Those numbers equate to 2,838 homes sold in 2006 compared to 2,588 homes sold in 2005, representing a 9.1% increase. 

A welcome figure to local home sellers was a decline in the number of days on the market their homes spent during 2006 as compared with 2005. Homes sellers waited for an average of 91 days for their homes to sell, while in 2006 sellers sold their homes in a shorter time average of 84 days.

Statistical information extracted from the Multiple Listing Service of the Greenville-Pitt Assoc. of Realtors .

Number Of Residential Home Sales 2006 vs 2005

 

ECU Pirates Supporting Pirates 2006 - ECUPirateClub.com