Triad Housing Update – Guilford County -- January 2025 Edition
Hello Triad friends,
Welcome to our January 2025 Guilford County housing market update—where real estate stats come with a side of humor (and maybe even a few dad jokes)! Let’s take a fun, no-nonsense stroll through the latest numbers from Guilford County, courtesy of our trusty Triad MLS.
Single Properties: The Home Run (Sort of)
- New Listings: Dropped from 466 to 395 (a 15.2% dip). Looks like some homes are playing hard to get!
- Pending Sales: Took a nosedive from 432 to 279 (down 35.4%). The “pending” club is a bit exclusive this year.
- Closed Sales: Up from 294 to 314 (+6.8%). The ones that do get listed are sealing the deal!
- Days on Market: Increased from 32 to 50 days (+56.3%). Buyers are taking their time—maybe enjoying a scenic tour of Guilford County.
- Median Sales Price: Climbed from $311,950 to $326,500 (+4.7%). Your dream home might now come with a few extra dollars for that fancy door knocker.
- Average Sales Price: Jumped from $346,887 to $393,135 (+13.3%). Some houses are clearly in a “treat yourself” mood.
- Percent of List Price Received: A slight dip from 98.2% to 97.8% (-0.4%). Nearly list-price perfect!
- Inventory: Increased from 739 to 825 (+11.6%). More homes to admire (and possibly to buy).
- Months Supply of Inventory: Grew modestly from 1.8 to 2.0 months (+11.1%). The market has a bit more breathing room.
Townhouse/Condo Properties: The Condo Comeback
- New Listings: Up from 115 to 139 (+20.9%). More condo options mean more stylish spaces for urban living.
- Pending Sales: Dropped from 94 to 69 (-26.6%). Fewer pending deals—maybe buyers are still deciding on that open floor plan.
- Closed Sales: A minor dip from 79 to 75 (-5.1%). The closings are moving, albeit at a slightly slower pace.
- Days on Market: Increased from 40 to 46 days (+15.0%). These properties are taking a tad longer to charm their new owners.
- Median Sales Price: Leapt from $229,900 to $259,000 (+12.7%). That extra cushion might just fund your new favorite housewarming plant.
- Average Sales Price: Rose from $252,348 to $275,020 (+9.0%). A win for sellers and a nudge for buyers.
- Percent of List Price Received: Dropped slightly from 98.0% to 97.8% (-0.2%). Nearly as perfect as your morning coffee.
- Inventory: Skyrocketed from 173 to 291 (+68.2%). More condos than you can shake a set of keys at!
- Months Supply of Inventory: Jumped from 1.7 to 2.9 months (+70.6%). The market’s inventory is feeling quite generous.
A Glimpse at the Big Picture
For those who love a good visual timeline, our rolling 12-month median sales price charts for both single properties and townhouse/condo properties (spanning from 2005 to 2025) tell the story of an ever-evolving market. Think of it as a rollercoaster—thrilling, a bit unpredictable, and definitely not for the faint of heart!
So, What’s the Takeaway?
In Guilford County:
- Single Properties: Fewer listings and pending sales, but more closings and a moderate price bump suggest that when homes do hit the market, they’re finding buyers.
- Townhouse/Condo Properties: A surge in inventory with slightly slower sales and higher prices shows a dynamic segment offering plenty of options—perfect for those who like variety with their urban vibe.
That’s a wrap for this month’s Guilford County, North Carolina real estate market update for January 2025! Whether you’re buying, selling, or just a fan of all things real estate, we hope you enjoyed this mix of numbers and laughs. Feel free to reach out with questions, or simply to swap real estate jokes (we’re all about that humor with a hint of home).
Cheers to a fantastic start to 2025!
Chuck VanHook
336-823-0169
Your Triad Real Estate Insider
P.S. If the market stats got you feeling like you’re on a wild ride, just remember: every home has its own story, and sometimes, a few extra days on the market only add to the adventure!
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