Greensboro and Triad replicate the nation’s blended economies, with a constructive outlook | Native

Still, housing in Greensboro remains more affordable compared to the national average price of $ 321,000.

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The Greensboro Regional Realtors Association released a snapshot of the recent property sales in Greensboro.

In November, 302 new listings were placed for existing homes, up 3.4% year over year, while closed sales of 333 homes were up nearly 14% year over year.

Buyers buy available homes as the average number of days in the market, 13 days, is down 53.6% year over year.

The average home price, a value that is calculated differently than the median, was $ 287,000 in November, up 14.2% year over year.

One factor leading to scarcity can be the slow pace of home construction.

The December Federal Reserve report shows there were 188 new permits for single-family homes in the greater Greensboro-High Point area as of October. That is about 2% less than in the same period last year.

Retail sales in the Triad, based solely on VAT collection, rose dramatically over a year ago.

In October alone, Guilford County’s retail sales were measured at $ 821 million by the NC Department of Revenue, compared to $ 732 million in October 2020.

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