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Greenwood Pending Sales Climb 48.2 Percent in May, 2012

Real Estate Report by m.s.Woods Real Estate, LLC. –  After climbing 3 months in a row, and then falling inexplicably by almost 31 in April, the total number of pending sales in Greenwood rebounded nicely by 48.2 percent in May, 2012. What’s more, May’s total of 123 pending sales represents a 41.4-percent increase versus 12-months ago. And the average number of pending sales logged each month, from March through May of this year, was also up 5.8 percent over this same quarter in 2011.

But pending sales wasn’t the only stat to improve. For the fourth straight month, the total number of homes sold in Greenwood continued to climb. A total of 108 closings took place in May, making for a 5.9-percent increase over the previous month’s total of 102. But what’s most significant about this is the fact that is a 21.3-percent improvement over last May’s total of just 89 closings. Also, an average of 102 closings took place each month from March through May of this year, or 14.6-percent more, compared to this same period 1 year ago, when the monthly average was just 89 closings.

While May’s total of 623 homes for sale was unchanged versus that of the previous month, it was down by 15.4 percent versus May of 2011, which is a very positive development for a market that already has too many listings. On average, there were 606 homes listed for sale from March through May of this year, or 16.9 percent fewer, compared to this same period 1 year ago. Of the 623 homes for sale in May, 174 were new listings. This is down nearly 8 percent from the previous month, although it is up 12.2 percent over last May’s total of 155.

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