Greensboro, NC housing market

One in five homes for sale in Greensboro has already cut its price. If you are thinking about selling this year, that number tells you exactly what happens to sellers who aim too high. Start with values. The typical Greensboro home is worth about two hundred thirty-seven thousand dollars, down less than one percent over the past year. That is a slow drift, not a crash. But buyers have room to be picky, with about 840 homes for sale and roughly 320 more hitting the market. So homes are sitting, a median of fifty eight days before going under contract. Here is the turn. The median asking price is nearly two hundred ninety-eight thousand dollars, far above what the typical home is actually worth. That gap explains the one in five. Sellers list high, wait two months, then cut. So if you sell, price at the market from day one, not above it. In this market, a realistic price sells your home, and an optimistic one just starts the countdown to your own price cut. To see what your home is really worth right now, get a free home value estimate at Home Value Pros dot com.