(Newswire.net — October 3, 2013) Greensboro, NC — In comparison with the sales during the same month of last year, July of this year, there are 438 homes sold which is 342 units more than of July last year. According to Donald Jud of Jud & Associates, “Guilford County home sales were 0.7 of a percentage point up compared with June.”
While the number of sales increases so do the prices. The average price for a home these days is around $165, 775, which is the highest price recorded since July of the previous year. The figures simply show that real estate sales in Greensboro and all over Guilford County are going an upward trend. In a statement given by the GRRA President, Nancy Radtke, “Things are certainly looking up, especially for prospective home sellers who stand to benefit from the falling inventory to sales ratio and average time homes stay on the market.”
Despite the huge recession that affected the housing sector, the remarkable bounce from the real estate market is actually stronger. Experts believe that the housing sector will continue its recovery because price indicators are all surging. This improvement is expected to continue over time. There is no indication that this trend will stop any time soon.
According to Jud, “Home prices are slowly moving back toward normal valuation. If you can get financing, now is a perfect time to purchase a house.”
Having more homes for sale in the market these days is one reason that real estate experts see why these figures continue to rise. Among the top selling areas in Greensboro include Starmount, Lindley Park, Fisher Park, Lake Jeanette and Sunset Hills. The Northwest area of Guilford County also show high sales rate.
One more reason why home sales continue to rise is the initiative that home sellers do to increase the marketability of their properties. They are now giving more importance on the details that provide added value to their property, instead of simply staging it during client visits. They are also more cautious not to over rate their homes.
Real estate experts also believe that many home buyers prefer buying properties in Guilford County because properties are properly maintained, kept clean and all mechanical systems are working optimally.
With respect to all these figures, real estate market looks great in Guilford County. At present, mortgage rate is very low, making it more attractive to potential home buyers. Not to mention that the high-end real estate market remains weak.
The ongoing progress in the real estate market is seen to continue over time, if the recovery persists. Because of this, more home sellers will gain more prospective buyers, while buyers will have more options to choose from. Overall, the continuous growth in the real estate market is a win-win situation for both sellers and buyers in Guilford County.
Interested in buying a property in Greensboro and Gilford County? Visit www.homesforsaleingreensboronc.net for more information.
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