Monitoring the economic pulse of the Triad
Housing market slowly rebounding in Guilford
The Greensboro Regional Realtors Association has some data to nudge would-be homebuyers who have been standing on the sidelines waiting for the Guilford County housing market to bottom out. The annual report prepared for the association by economist Donald Jud found that more houses are being sold and the number of days they stay on the market is shorter.
Jud found that 732 home were sold in Guilford County in October-December 2012, compared to 626 in the fourth quarter of 2011. The average time on the market for the houses was 106 days, down 12.6 percent from the previous year. Sellers are still getting less than 95 percent of their asking prices. That figure has crept up slightly over the past year, from 93.1 percent to 94.2 percent.