Greene County VA Real Estate Market Report – November 2011
This Greene County real estate market report will examine the sales of single family detached homes during November 2011. We will also look at data on how the Greene County real estate market has performed over the past two years.
When you compare this year so far to the previous year we can see that the Greene County real estate market has remained fairly stable; however month to month it has been a bit of a roller coaster as buying activity has reacted to the volatile ecconomic climate. Prices are down for the year as a whole as are sales totals, but not dramatically. Unfortunately inventory amounts also remain fairly stable, which means that we remain firmly in a sellers market. We will need to see a pickup in sales to buy down inventory to a 6 month inventory level before Greene County real estate will enter a balanced market. This is pretty much what we are seeing throughout Central Virginia.
Copyright 2011 all rights reserved by Pam Dent “Greene County VA REal Estate Market Report – November 2011“.