Friday, May 12, 2017 / by Jason Bush
You can see our beautiful faces (??) online, but if you want to hear us give our podcasts a listen. We are partners with the Triad Podcast Network and have produced three episodes to date. Each cover topics about the local real estate market, the process of buying or selling a home, or the team and services offered by The Ginther Group.
Subscribe to the Triad Podcast Network for free on your phone through either of the two links below, or you can listen to each of the episodes via Soundcloud at the links in the episode summary.
Google Play: http://bit.ly/2aHVGmQ
If you've been paying attention to local real estate, you've probably seen the words "sellers market" out there quite a bit. Have we finally seen a shift in the Triad? The answer is not so simple and, as you might imagine, depends on the price range of the home you're buying or selling. Blake Ginther and Jason Bush from ...
Tuesday, May 9, 2017 / by Jason Bush
I'm sure you have read a few websites or facebook posts about the real estate market in Winston Salem. "Hot Market" or "The time to sell is NOW", are common themes. Are home prices rising? Is Winston a good market? Is the real estate market strong? These are all common questions we receive in our team nearly on a daily basis. The explanations and answers to these questions are detailed and varied. Just like any real estate market everything is local and national themes or trends you read or hear about may not necessarily apply to our market. The info below should help you understand what is going on in Winston Salem.
Lets take a look at the number of homes for sale. All the numbers we refer to below represent inventory (a home listed for sale) or closed transaction (a sold home) in Forsyth County. Inventory (homes listed for sale) for the year remains nearly perfectly flat. 1413 homes were available for sale in mid-Jan, and on 5/9 there was 1392 homes available. In all of 201 ...
Monday, February 20, 2017 / by Jason Bush
This article is a follow-up to our last blog detailing housing inventory in Forsyth County. As of 2/20/17 total inventory is up only slightly and overall levels in Forsyth County remain at approx 3.5 months, although it is actually much lower in certain price points, as explained below.
Price Point ($1k)
The Ginther Group has broken down the available inventory by price point. We have created a range of prices, by thousands, of the inventory available and the homes that were sold in 2016 in Forsyth County. Hopefully this will explain the data in the chart above. The row "Under $100" includes ...
Wednesday, February 8, 2017 / by Jason Bush
The Ginther Group will share market statistics on the available homes and home sold in Forsyth County on a weekly basis. These stats are for the week of 1/29-2/4.
The amount of available residential housing inventory for sale continues to decline. As of 2/6 there was 1376 active listings of homes for sale in the county. That number represents a continues a downward trend of many weeks. The 1376 homes for sale represents approximately 3.5 months of inventory. Here is an example to better understand the calculation of months of inventory. In this example, if 200 homes are purchased in the county each month, and the current inventory is 2000 homes, that would represent 10 months of inventory. It would take 10 months to sell 2000 homes if 200 homes are purchased each month.
A sellers market exists when inventory levels fall below four (4) months of inventory. A buyers market exists when inventory levels are above 8 months. A stable market exists between 5 ...