Is the Winston-Salem Housing Market a Buyer's Market or Seller's Market?

  • Many buyers and sellers are curious about the status of the Winston-Salem housing market.  Are we still in a Sellers' Market? Or has it converted to a Buyers' Market?  Interest Rates have increased causing buyer demand to wane slightly.  So does that mean sellers are having to reduce their prices if they want to sell? There are many more price decreases than even three months ago, but that doesn't mean values are falling. The major issue is we still have a very low inventory of homes for sale.

    Buyers Market vs Sellers Market - Real Estate 

    Why the Winston-Salem Housing Market is Still a Sellers' Market

  • Check out the infographic below on why it's still a seller's market in Winston-Salem.

    Sellers Market in Winston-Salem remains in the Housing Market

    Some Highlights of the Winston-Salem Housing Market - September 2022

    • While buyer demand has moderated and housing supply has grown in recent months, it’s still a sellers’ market in the Winston-Salem area because inventory is low.
    • There were 319 active listings at the date of this post with 339 sales over the last 30 day period. This shows less than one month's inventory in Winston-Salem. That was an increase of about 6% from 318 sales for the previous 30-day period.
    • It takes about 6 months of inventory to be considered a balanced market. Anything over 6 months is generally a buyers' market.
    • The average list price for sales over the last 30 days was $347,929 with an average sales price of $349,445, which is about 0.5% over the average list price. The 30 days prior the average sales price was $345,071 or a 1.3% increase.  
    • Over the last 30 days, the average "days on market" before selling was 15 days. The prior 30-day period was 13 days.
    • If you want to be aware of the Winston-Salem Housing Market showing active listings, pending sales and closed sales, you can sign up for our free monthly market report here:  Sign Up for the Winston-Salem Housing Market Report
    • The latest data shows sellers continue to benefit from serious buyers and competitive offers. In July, the average home received 2.8 offers and 39% sold over the asking price according to the National Association of Realtors.
    • You haven’t missed your opportunity to sell. Work with a real estate professional from Green Haven Realty to start the process today.  Don't hesitate to contact us if you have any questions.  We're here to help!