Kernersville, North Carolina Real Estate Market Update: A Wild Ride in Real Estate!
Grab your coffee (or something stronger) because it’s time for your latest Kernersville market update, complete with quirky stats and a dash of humor. Let’s dive into the madness of January 2025!
Single Properties: The “Slow-Burn Romance”
- New Listings: A slight uptick—51 last year to 52 this year (+2.0%). It’s like your neighbor finally decided to clean up that old shed!
- Pending Sales: Down by 25% (from 60 to 45). Looks like some buyers ghosted on the dating scene of real estate.
- Closed Sales: Up by a solid 28.9% (38 to 49). Congrats to those homes that found their happily ever after!
- Days on Market: Up a whopping 200% (from 18 to 54 days). Seems our single-family stars are taking their sweet time on the market—maybe they’re playing hard to get?
- Median & Average Sales Price: Both climbed (up 13.2% and 11.8% respectively). So, if you’re selling, expect a little extra cha-ching in your pocket!
- Inventory & Supply: Inventory jumped by 44.2% (104 to 150) and months supply increased by 38.9% (from 1.8 to 2.5). More homes, more options—like a never-ending buffet of houses.
Townhouse/Condo Properties: The Bargain Bonanza
- New Listings & Pending Sales: A slight dip with new listings down 5.7% (35 to 33) and pending sales down 16.7% (18 to 15). Looks like these gems are a bit more exclusive.
- Closed Sales: Up a staggering 54.5% (11 to 17)! These condos are clearly the life of the party.
- Days on Market: Increased by 24.2% (from 62 to 77 days). Buyers might be window shopping—or enjoying extra time browsing the local coffee spots.
- Median & Average Sales Price: Both took a hit (down 18.6% and 18.2% respectively). It’s a price-slash extravaganza—bargain hunters, rejoice!
- Percent of List Price Received: A slight drop (from 99.5% to 97.4%), indicating some extra haggling on the table.
- Inventory & Supply: Inventory grew by 39.3% (28 to 39) and the months supply nudged up 26.3% (from 1.9 to 2.4). More condos mean more chances to snag that perfect quirky pad.
Wrapping It Up
In a nutshell, Kernersville is serving up a mix of surprises this January. Single properties are enjoying a bit of a roller coaster ride, while townhouses and condos are offering plenty of opportunities for the savvy (and budget-conscious) buyer.
Questions? Comments? Or just need to vent about these wild stats? Contact Me anytime — I’m here to help you navigate the twists and turns of our real estate adventure!
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