Fall Market Update

Fall 2010 Market Update

If you can qualify, now is an exceptional time to buy a home in Winston-Salem. Home prices are beginning to rise suggesting we have hit a bottom. Buy low! Don’t wait another day to get your deal. Call Kim Hackler at 336-462-2209 for additional information.

Average Home Price $150,000 - View Graph Trend

Average Price Compared to Last Year No Change

Average Time on Market More than 120 days

Best Selling Price Range $100,000 - $149,000

Worst Selling Price Range $750,000 - $799,000

Prices As % of Asking Price 90-95%

Existing Home Prices for the past 90 days are? Decreasing

Market Trend Decreasing

Buyers’ or Sellers’ Market More sellers than buyers

Buyer Activity for the past 90 days in Winston-Salem is Increasing

Seller Activity for the past 90 days in Winston-Salem is? Increasing

Multiple Offers? No

Multiple Offers Commentary Multiple offers are common on under priced foreclosures.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? 5-10%

Is Financing Available For Qualified Buyers? Yes

Comments on Financing For Qualified Buyers We have both an in-house lender affiliate and
in-house insurance affiliate ready to help all buyers with their needs.

Housing Inventory Good supply - Some Prices

Inventory Comments Homes are beginning to move off the market, but there has been a number of sellers that have delayed listing their homes in the last year. We are still noting move inventory than buyers.

Greatest Activity Investors

Reason to Buy/Sell Lower prices with good selection and competitive interest rates creates a perfect time to buy in Winston-Salem! Unemployment rates are decreasing in area. 

Nearest Metro Area Winston-Salem

Housing Hot Spots Most cities within the Forsyth County area are considered 'Housing Hotspots' Some of the most popular neighborhoods in Winston-Salem include Ardmore, Buena Vista, Country Club area, Sherwood Forest and historic West End

Average Sold Price $150,000 - View Graph Trend

Winston-Salem Local News

Repeat Buyers & Investors With Cash Boosting Home Sales & Prices In Many Markets, New HouseHunt
Survey Shows For the first time in nearly three years, repeat buyers and investors have  overtaken first-time buyers as sales leaders once again in the nation's housing market. As a result, prices of bank-owned REOs and properties involved in short sales are being bid up by multiple offers and cash buyers in many neighborhood's, according to the latest HouseHunt quarterly current market conditions survey. "The current ratio of 58% to 42% favors repeat buyers," said Michael Bearden, president and CEO of HouseHunt, Inc. "This is an increase of 10 percentage points over a year ago and 24 points over six months ago. In a more balanced market of supply and demand, repeat buyers usually lead by a two-thirds ratio."