Are Conditions Improving in Greensboro?

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Hey everyone, today we are excited to discuss the current market conditions here in Greensboro. At the end of April, we sat down and took a look at the numbers, and compared them to the figures we saw at the end of April in 2014. Here is what we saw:

• There are about 1,800 homes currently on the market for sale, which is significantly down from last year.
• There were more closings than a year ago, with 216.
• Inventory is down to 5.3 months, and dropping.
• Interest rates are still near all-time lows below 4%.

Overall, we are seeing a great seller's market here in Greensboro. This means homes will be harder to find for buyers. However, those low interest rates will make any home you purchase more affordable in the long run.

If you are thinking of buying or selling a home in Greensboro, give us a call or send us an email. We look forward to speaking with you!