What to Expect from the Spring Real Estate Market in the Triad

​What to Expect from the Spring Real Estate Market in the Triad​

As spring unfolds in North Carolina's Triad region—encompassing Greensboro, Winston-Salem, and High Point—the real estate market is showing signs of increased activity. Whether you're considering buying or selling, understanding the current trends and expert advice can help you navigate the market effectively.

📊Market Trends: A Snapshot

Rising Home Prices with Increased Inventory

In March 2025, the median home price in Winston-Salem reached $314,000, marking a 3.2% year-over-year increase. The average home value stands at $250,560, up 2.8% over the past year. Similarly, Greensboro's median home sold price reached $292,963 in March 2025, marking a 6.5% increase from the previous year. This upward trend in prices is accompanied by a notable increase in housing inventory, with 1,865 homes for sale in March 2025—a 21.7% rise from the previous month.

Increased Days on Market and Competitive Offers

Homes are sitting longer, averaging 47 days on the market, 39 days last year. While the market is somewhat competitive, with some homes receiving multiple offers, the average sale price is about 2% below the list price. However, "hot" homes can sell at or near the list price and go pending in around 24 days or less.

💡Expert Tips for Buyers and Sellers

For Buyers:

• Act Quickly: With "hot" homes selling faster, be prepared to make swift decisions when you find a property that fits your needs.

• Work with a Local Expert: Partnering with a real estate agent familiar with the Triad's neighborhoods can provide valuable insights and guidance.

• Understand Inspections and Appraisals: Be informed about the inspection and appraisal processes to navigate potential challenges effectively.

For Sellers:

• Price Strategically: Given the competitive market, setting a realistic price can attract more buyers and potentially lead to multiple offers.

• Highlight Move-In Readiness: Emphasize features that appeal to buyers seeking convenience, as there's a higher demand for move-in ready homes.

• Prepare for Increased Days on Market: With the average days on market increasing, ensure your home is ready to show at all times to capitalize on buyer interest.

🔮Looking Ahead

The spring real estate market in the Triad is characterized by rising prices, increased inventory, and faster sales. Both buyers and sellers can benefit from understanding these trends and working with experienced local professionals to navigate the market successfully.

For personalized advice and assistance with your real estate needs in Winston-Salem, feel free to contact our team of local experts.