As we head into the spring market, I am asked a lot -”how is the market” here in Greensboro, Winston, Kernersville and High Point. The answer is- not bad! Of course we have had our share bumps, but unlike areas of the country that experienced 15+ % appreciation, we averaged 4% or less each year. We have re-tooled our economy and bio-tech, Dell, Honda jet, FedEx etc..so we are not as reliant on furniture, textile and insurance like we were at one time.

We have slowed down in terms of appreciation somewhat and our unit sales are down a bit , but homes are still selling! It is a good time to buy as prices and rates are quite affordable. For a seller, it is a good time to sell- especially if your are looking to purchase something else.   Well kept, fairly priced homes are still selling and selling quickly! We do not have the margin for error we have had in recent years to press the envelope on things pricing   and condition-   homes cannot be over priced any longer!  ….and yes- the wallpaper has got to go as well as the clutter!

New construction has slowed but that is due in large part to the influx of new homes we have experienced in recent years- that supply is now being asorbed into the market.

The good news is that there are great homes on the market and they are selling!