The New Normal: A Strong Housing Market Expected to Continue into 2021 “2020 will be known for a lot of things, and a record-breaking year for real estate will certainly be one of its more unexpected legacies,” prominent economist Daryl Fairweather said.1 And he’s right: most of us would have ...
Continue ReadingFor me and many of my fellow Realtors, July has been one of the busiest months in several years. Buyer demand for good homes remains high and with historically low mortgage rates adding fuel to the fire, the housing market looks to remain hot for months to come. Prices continue ...
Continue ReadingSales prices rose at a steeper rate in June than compared to the year-to-date increase of 3.9%. The number of new listings coming onto the market in June declined 6.1% compared to the prior year. This is a slight improvement in inventory compared to the year-to-date number which shows an ...
Continue ReadingThe biggest take-away from April’s market update is that sales prices continue to grow. However, that growth is not quite as large as in previous months. April prices increased 2.6% over the prior year. Year-to-date growth is at 5% and the last 12 months saw prices grow 5.1%. Since the ...
Continue ReadingThe cities of Greensboro, High Point and Guilford County issued a shelter-in-place order that went into effect at 5:00 p.m. on Friday March 27. This order deemed Real Estate sales as a non-essential service and forbade agents from showing homes or conducting open houses. The stay-at-home order will obviously affect ...
Continue ReadingIn Guilford County recent trends continued. February inventory was down and prices were up as a result. Days on the market continue to shorten. It will be interesting to see how dropping interest rates that are a partial result of the Coronavirus concerns and the resulting economic slow-down, will affect ...
Continue ReadingThe Guilford County and Greensboro real estate markets definitely continue to be a sellers’ market. The clearest indicator of whether it is a sellers’ or buyers’ market is the months supply of homes. The months supply is basically how many months it would take to sell out current inventory if ...
Continue ReadingAugust was a good month for home sellers in Guilford County with prices continuing to increase and total unit volume up over last year. The homes that are out there are flying off the market with days on the market down to an amazing 7 days in Greensboro and High ...
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