An Update on the Greensboro Market in 2016

Triad Real Estate Podcast with Andy Leung

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We’ve seen some great trends taking hold here in the Greensboro market, and we’re excited to talk to you about them. June 2016 continues a trend from the beginning of this year of increased home sales.

The 708 closed sales in Guilford County are 16.3% higher than what we saw in June 2015. This has brought our year to date total to 3,386 closed sales, which is 13.9% higher than 2015. We’re also seeing the trend of inventory decline continue. New listings are down 6.6% from this time last year.

With more houses selling and less coming on the market, our total active listing inventory has dropped. It currently sits at 2,970. That’s 21% lower than last June’s 3,761 listings.

Our inventory has dropped by 21%

Every market has micro markets, however. If you’re curious about selling and want a dedicated analysis of what's happening around you in your micro market, give us a call or send us an email. We look forward to hearing from you.