"Sales of existing, single-family homes in Guilford County increased 13.4% in December 2014 compared to the same month in 2013. A total of 437 units sold in Guilford County in December 2014 compared to the 385 sold in December 2013. The number sold was also higher by 1.8% compared to the level of sales recorded in November 2014, according to monthly figures prepared by Dr. Donald Jud of Jud & Associates for the Greensboro Regional REALTORS® Association.
The seasonally adjusted average home price in Guilford County in December 2014 was $186,323, a 1% increase over November 2014’s average of $184,539 Existing home prices in this cycle bottomed in February 2012 and have since risen 23.2%.
In December 2014, the Time on Market (TOM) was 90.5 days, 3.4% less than it was in December 2013. Over the past 12 months the TOM has fallen and the spread, which shows the ratio of selling to listing prices, has risen, indicating less discounting in the market.
Last month, the inventory/sales ratio, which indicates the number of months to clear the current inventory of homes on the market, was 5.6 months, 3.4% less than the previous month.
“While the decision to own a home is a personal one, for people with good jobs and strong credit, today’s low mortgage interest rates and continued affordability make now a good time to buy a home,” said Kevin Green, president of the Greensboro Regional REALTORS® Association. “Remember, all real estate is local, so it’s important to work with a Greensboro REALTOR® who is familiar with your desired community.”
The Greensboro Regional REALTORS® Association, Inc. is a non-profit organization whose mission is to support its members in their business pursuits by promoting the highest professional ethics and being the primary provider for quality services, education and real estate information in the market area."
- A Press Release
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