The Greenfield real estate market saw a 13.5-percent increase in the total number of homes sold in 2012 compared to 2012. The year-end total of 509 sales equates to an average of 42 closings per-month in 2012 compared to an average of just 37 per month for all of 2011. Also, from October through December of 2012, an average of 44 closings took place each month, or 29.4 percent more, compared to this same quarter in 2011, when an average of just 34 closings took place per month. In all, there were 69 more homes sold in 2012 compared to 2011.
But total sales was not the only stat to improve. A total of 504 pending sales were reported for all of 2012 compared to just 440 for all of 2011. This equates to an average of 42 pending sales per month, or 7.7 percent more, compared to the 2011 average of 39 per month. Also, from October through December of 2012, there as a 34.5-percent increase in the number of reported pending sales relative to this same quarter in 2011. The bottom line is that 37 more pending sales were reported for all of 2012 compared to 2011.
One stat that really stands out is the one that most closely correlates to home prices: Namely, total listings. In 2012, a total of 3,358 homes were listed for sale, or nearly 12 percent fewer, compared 3,799 homes for sale during all of 2011. This translates to an average of 280 homes per month for 2012, versus 317 per month for 2011. The net difference was -441. Looking at the final quarter of 2012, on average, there were there were 258 homes for sale each month, compared to an average of 295 per month during this same quarter in 2011. This translates to 12.5 percent fewer listings. Of the 3,358 Greenfield homes listed for sale during all of 2012, 728 were new listings.
Some other pertinent Greenfield real estate market stats worth noting:
- Greenfield homes spent an average of 103 days on the market in 2012. Versus the 2011 average of 99 days this represents 4 percent more time on market.
- There was no change in the average sold-list differential based on original asking price in 2012 compared to 2011, as both averaged 87 percent. The same was true for the average sold-list difference based on final asking price in 2012 versus 2011: In both cases, it was 95 percent.
- The average price per square foot for Greenfield homes climbed a very slight, 1-percent in 2012 compared to 2011, or $62 versus $61 respectively.
- At year’s end, buyers paid an average of 2.5 percent more for Greenfield homes during 2012 compared to the previous year, or $124,000 versus $121,000 respectively.
- The average active price was also up in 2012 compared to 2011, by an average of up 1.2 percent, or $172,000 versus $170,000 respectively.
- The average absorption rate based on closed sales for all of 2012 measured 15 percent, up 3 percentage points versus the 12-percent average for all of 2011.
- Meanwhile the absorption rate based on pending sales was also up 3 percentage points versus the previous year.