Pitt County Greenville Housing Sales Hit Low Point - Is More to Come?
By Deryck Wilson
(RE/MAX Preferred Realty)
Greenville, NC - A housing slump that has trudged on for more than a year hit low points in August in Pitt County, but David French, president of the Greenville Pitt Association of Realtors, is confident better days are ahead. The question remains: When? "Eventually our market is going to return to a sound market," French said Wednesday. "Will it go back to what it was in 2006? I don't know. But I think we will eventually get back to a good, stable market." August home sales in Pitt County fell 40 percent from the same month last year - 185 total units compared to 306 in 2007. That's the 13th consecutive drop when compared to sales the previous year, dating back to a 7 percent gain in July 2007. For a while, it looked like 2008 would be a perfect illustration as to why the Pitt market ...
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