Winston Salem Housing Market Slowly Rebounding

The Winston Salem Journal published an article earlier this week that shows the local real estate market in Forsyth County is making some progress. Home sales were down in December from November, but they were up 5% from December of last year. Prices were slightly up from Exit Realty SoldNovember at $162,645, however a bit lower than $163,688 of December last year. The local board of Realtors (Winston Salem Regional Association of Realtors – WSRAR) is pleased with this progress locally based on many markets around the country showing a decline. Read the whole article below.

Winston Salem Real Estate Market Encouraged by Home Sales in December, 2009

With prices increasing it means inventories are going down.   So if you have been thinking about selling, but were unsure if the time is right, give me a call and request our free Market Timing Analysis for sellers.  You could be risking losing money if you continue to wait for prices to keep going up due to other factors that can affect a seller’s net.

Winston Salem Real Estate Market News for July 2009

It looks like sellers are growing more confident to put their home on the market.  409 listings have been added so far this month in Forsyth County which brings the total number of listings to 3364.  The average list price of the new listings is $188,998, the median price is $144,900, and the most expensive luxury listing  is $2,350,000 at 401 Sheffield Drive.

There are 629 pending sales, and out of the new listings 16 have already gone under contract.  There has been 130 homes that have sold so far this month.  The cheapest home sold was $13,000 at 520 Chandler St.  The median price of the sold homes is $143,000 at 413 Rockbridge Dr, and the highest priced sale was at 5253 Cedar Hill Ct. for $515,000.  The median of days on the market is 77 days.

If you are considering selling your home in the Winston Salem area or have any questions regarding price evaluations provided on this site, give me a call to discuss determining your home’s value.  I can be reached by phone or text at 336-287-4423.

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