Greensboro, North Carolina – Where Homes Have More Personality Than Your Favorite Coffee Mug!
Hey there, Greensboro neighbors!
Welcome to your lighthearted (and stats-packed) update on our local housing market for January 2025. Grab your favorite brew and settle in for a ride through the numbers that make our town’s real estate scene as unpredictable as your morning commute.
Single Properties: Slow and Steady (With a Dash of Sass)
- New Listings:
Down 12.5% from 248 to 217. Fewer new homes are hitting the market—maybe folks are playing hard-to-get, or just saving the drama for another day! - Pending Sales:
A 34.7% dip (from 239 to 156). It seems buyers are taking their time—perhaps double-checking if that dream kitchen really needs a “vintage” backsplash. - Closed Sales:
Up 10.9% from 175 to 194. Congratulations to all the new homeowners—your keys are waiting, even if it took a bit longer to snag them. - Days on Market Until Sale:
Jumping from 30 to 45 days (a 50% increase). Looks like homes are enjoying a longer stay on the market—almost like a vacation before finding their forever owner. - Median Sales Price:
From $280,000 to $314,900, up by 12.5%. Single-family homes are clearly in a mood for an upgrade—think of it as a price “glow-up.” - Average Sales Price:
Rising from $318,824 to $377,194, an 18.3% boost. More money on the table means more sparkle in every sold sign. - Percent of List Price Received:
A near-steady 98.7% dropping just a smidge to 98.3%. Sellers are keeping things almost perfectly on track—just like that one friend who always nails the recipe. - Inventory & Months Supply:
Inventory has grown 24.5%, from 339 to 422 homes, with months supply creeping from 1.5 to 1.9 (a 26.7% uptick). More homes mean more choices—time to dust off those browsing skills!
Townhouse/Condo Properties: Urban Living with Extra Zing
- New Listings:
Up a whopping 49.3% from 75 to 112. More condos and townhouses are popping up, so the urban scene is buzzing—get ready to embrace that chic city vibe! - Pending & Closed Sales:
Pending sales slipped 19% (from 63 to 51), and closed sales dipped 10.9% (from 55 to 49). Looks like the condo crowd is playing a bit of the waiting game. - Days on Market Until Sale:
A modest climb from 33 to 35 days—a 6.1% increase. Not much extra time for your condo to perfect its “ready for the spotlight” look. - Median Sales Price:
Jumping a stylish 27.7% from $207,500 to $265,000. Urban properties are showing off their price tag like a badge of honor! - Average Sales Price:
Up 17.1% from $242,399 to $283,878, reinforcing that modern digs are commanding a premium. - Percent of List Price Received:
Holding steady at 98%. Sellers are keeping their cool and getting almost exactly what they asked for. - Inventory & Months Supply:
Inventory nearly doubles from 100 to 187 (an 87% boost), with months supply leaping from 1.5 to 2.7 (an 80% surge). More options mean a smorgasbord of choices—time to enjoy the condo-candy store!
A Look Back (and Forward!)
Our trusty charts (yes, those fancy graphs you love to pretend to understand) show a steady climb in median sales prices from 2005 all the way through 2025 for both single properties and townhouses/condos. It’s like watching a good TV series where each season gets a little more dramatic—and a lot more valuable.
Final Thoughts
Whether you’re eyeing a charming single-family home that’s taking its sweet time to find a buyer or a condo that’s riding the wave of urban chic, Greensboro’s January 2025 market is full of surprises. It might be a roller coaster, but isn’t that what makes the ride fun?
Stay tuned, stay savvy, and as always, if you need a hand navigating these twists and turns, I’m here to help (and share a laugh or two along the way).
Have a fantastic month and happy house hunting!
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