Greensboro Real Estate Market Update

Dated: 05/03/2016

Views: 158

 

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We're seeing a very stable market here in Greensboro, and it's probably leaning towards a seller's market because inventory is relatively low right now. Our inventories of distressed properties have reached five-year lows, and this is a good sign that our market is beginning to recover.

 


A side effect of this low inventory is that the prices of homes have risen in many areas, so it's a really great time to be selling your home if it's in good condition and also priced correctly.

 

However, it's also a good time to buy a home because interest rates are sitting at record lows right now, and you have the opportunity to save thousands of dollars in interest if you buy a home soon.

 

It's also a great time to move up into a bigger home because you can sell for a good price and then you can turn around and lock in a low interest rate on your next home purchase.

 

If you need any assistance with buying or selling a home in Greensboro this summer, please don't hesitate to contact me. I'm always here to help you!

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