February 2020 Market Update

March 3, 2020

In Guilford County recent trends continued. February inventory was down and prices were up as a result.  Days on the market continue to shorten.

It will be interesting to see how dropping interest rates that are a partial result of the Coronavirus concerns and the resulting economic slow-down, will affect home buying and selling in the coming months.   There’s lots of noise in the news about how housing will react.  In February it seemed not to have any effect on Guilford County’s hot housing market.

Click on the links below for the numbers and percentage change compared to February 2018 and February 2019.

Average Days on Market

Average Sales Price

Closed Transactions

Months Supply


Contact me today to discuss how this news affects you and your home buying or selling plans.