Homes sales drop in Greensboro
GREENSBORO — The number of existing single-family homes sold in Greensboro continued to drop in the first quarter of 2008, marking another dip in the local housing market.
There were 737 homes sold from January through March, down from the 741 homes sold in the fourth quarter of last year, and 22.5 percent below the number sold in the first quarter of 2007, according to data from the Greensboro Regional Realtors Association.
The slowdown puts the pace of home selling back to the levels found in 2003 and 2004, before the record highs of 2005 and 2006.
“Although it may seem like a dramatic drop, we’re actually getting back to normal levels. We are actually where we were about three years ago before our record level of homes sold in Greensboro,” association President Ann Buffington, in a news release said.
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