The Long & Foster Market Minute

Focus On: Guilford County Housing Market March 2021

Units Sold
719
Active Inventory
356
Median Sale Price
$227,320
Days On Market
25
Up 14%
Vs. Year Ago
Down -71%
Vs. Year Ago
Up 8%
Vs. Year Ago
Down -39%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 719 sold this month in Guilford County Real Estate versus 584 last month, an increase of 23%. This month's total units sold was higher than at this time last year, an increase of 14% versus March 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 884 units or 71%. The total number of active inventory this March was 356 compared to 1,240 in March 2020. This month's total of 356 is lower than the previous month's total supply of available inventory of 469, a decrease of 24%.

Median Sale Price
Last March, the median sale price for Guilford County Homes was $210,617. This March, the median sale price was $227,320, an increase of 8% or $16,703 compared to last year. The current median sold price is 11% higher than in February.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
1,328
Current Contracts
830
Sold Vs. List Price
99.7%
Months of Supply
0.5
Up 58%
Vs. Year Ago
Up 36%
Vs. Year Ago
Up 0.9%
Vs. Year Ago
Down -74%
Vs. Year Ago

Months of Supply
In March, there was 0.5 months of supply available in Guilford County, compared to 2.0 in March 2020. That is a decrease of 75% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 1,328 homes newly listed for sale in Guilford County compared to 840 in March 2020, an increase of 58%. There were 830 current contracts pending sale this March compared to 612 a year ago. The number of current contracts is 36% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Guilford County was 99.7% of the average list price, which is 0.9% higher than at this time last year.

Days on Market
This month, the average number of days on market was 25, lower than the average last year, which was 41, a decrease of 39%.

The Long & Foster Market Minute
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by TRIAD and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of TRIAD or Long & Foster Real Estate, Inc.