The housing market in Greensboro continues to see strong price appreciation, with values up 17.9% compared to last year. Home prices have decreased 13.2% in the past month. With 5 active listings, inventory is 67% higher than seasonal norms. Homes are now taking an average of 230 days to sell, significantly longer than the 20 days typical for this market. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Greensboro market with the affordability index at 361.4. Looking ahead, the Greensboro market is expected to maintain its current trajectory with relatively stable conditions.
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