The real estate market in Greensboro, North Carolina has rebounded strongly since the housing crisis a decade ago. Home sales increased 11% in 2015 and 14% in early 2016, while housing inventory fell significantly. This made the housing market favorable for sellers, who could receive multiple offers. Currently, the median home value is $139,532 and demand remains high despite rising prices and mortgage rates. The document recommends that homeowners in Greensboro seeking a quick home sale should take advantage of the seller-favorable market conditions by using an online portal to easily sell their home as-is.
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1. Strike quickly while iron is still hot in
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2. Introduction
Greensboro, the third most populated city in North
Carolina has about 287,207 residents and is the point of
intersection of three major inter-state highways.
The number of sales in its real estate market has increased
by leaps and bounds since the housing crisis nearly a
decade ago, after which people could no longer afford to
buy their own homes for quite some time.
3. A historical Rebound!
The economic and real estate market of the city finally
bounced back to its former glory.
The evidence for this lies in reports which indicate that in
August 2015, the number of new and existing home sales
increased by 11% and the average price by 3%, during a
12 month period.
4. A historical Rebound!
Things only got better in 2016, with about 14% increase in
closed sales during the first quarter, compared to the
same period in 2015.
There was a huge decrease in the number of houses
available and the home inventory was just about four
months compared to nearly seven months in 2015.
A negligible fall in the number of new listings compared to
the previous year was also noted.
5. A historical Rebound!
This made house-hunting difficult for buyers and more
conducive for sellers in Greensboro to sell their house ,
giving them the privilege to choose the best and
the highest from the multiple offers they received.
The competition for houses below $200,000 was
especially tough.
The mortgage rates have been showing a slow rise since
the elections and the month of April saw a mild decline in
the home prices in 2017.
6. Current Scenario
The median listing price has gone up in July 2017 and the
current median house value lies at $139,532.
More and more sellers are trying to take advantage of the
present market and builders are working to bridge the gap
and construct more homes.
The demand and the high prices will even out, as the
inventory scales up.
7. Current Scenario
Luckily this will not happen overnight and the change in
Greensboro is usually gradual and slow compared to the
rest of the nation, giving people time to prepare
themselves for the shift in market situations.
However nobody can predict the exact time it will take
and how long the seller’s rule will last!
8. Time to sell! But How?
With a market like this, it is definitely the best time to
make a quick home-sale.
You do not even need an agent with the number of
buyers and high demand.
To make it easier for you to do it yourself get the best deal
without a realtor, you can make use of the services of
online portals such as fastoffernow.com.
9. Time to sell! But How?
With a market like this, it is definitely the best time to
make a quick home-sale.
If you are worried about closing costs, we take care of
that as well!
Sell your house for the best market price and do not
worry about staging it to attract buyers.
10. Conclusion
We buy your home as it is and you can leave the repair
costs and embellishment of the interiors to us!
Without any confusion about choosing from multiple
buyers or pricing it right selling your house in Greensboro
just got easier and faster in 2017!