What Buyers & Sellers Need to Know About the Forsyth County Real Estate Market
Forsyth County (NC) home sales continue to rise. There were 517 sales in April 2017, which was up from 477 in April 2016. That is an almost 8.5% increase over last year and over 65% from 2012. Much of this is due to a great deal of qualified buyers in the market to purchase a new home and continued low interest rates.
Forsyth County NC Real Estate Market - Average Days on the Market
In April 2017, the average days on the market for closed sales was 69 days. That was an improvement over last April's average, which was 101 days. This is due to low inventory, which infers a seller's market. Some neighborhoods are selling in less than 30 days.
Forsyth County Real Estate Market - Average Sales Price
Along with most tax appraisals, The average home sales price in Forsyth County has risen slightly as well. In April, the average sales price was $175,156. This is an increase from last month's average of $170,514, and slightly higher than last April's average of $174,418.
Avoid Common Mistakes Home Buyers & Sellers Make That Costs Them Thousand$$$
Not knowing the local real estate market is one of the common mistakes buyers and sellers make. Not knowing the market can be a very costly mistake that might costs you thousands of dollars whether you are buying or selling. That's why it's paramount to hire a real estate professional that knows the market. If you have questions about the Forsyth County Market or any other local Triad market including Guilford, Davidson, Davie, Yadkin, Randolph don't hesitate to contact me.
It's also important to know the local neighborhood statistics. If homes are selling within 30 days, like many are currently, you need to know that or you could miss out on the home you want most. If you are selling, you need to know that as well, or you might have to rent the home back before finding your next home. Or worse, find another rental and have to move twice! Either way, I am an experienced REALTOR® and Certified General Real Estate Appraiser. I know the market. I am happy to educate you about any of the local markets and help you with your real estate needs.
Call or text me today at 336.701.BUY1
Tony Green, REALTOR®, Appraiser
Green Haven Realty