We are excited to release our Greensboro 2021 Annual Report. Understanding the market each year allows our clients to make the most confident, informed decisions possible. At the beginning of each year, we engulf ourselves in the sales charts, devour the data, look back at goals set, and check in on how our predictions for the past year held true. We do our best to learn from the past and prepare our clients and agents for the new year ahead.
With that, we present you with this synopsis of the national, regional, and localized trends that matter most to you.
Whether your 2021 was personally challenging or successful, embarking on 2022 with a clear understanding of the data can help you make the best possible decisions to achieve your real estate goals. With all that is going on in the world, Nest Realty keeps an eye on the market so that you don’t have to, and because we work in the Triad market each and every day, our local knowledge surpasses that of the average agent. We know that the Triad area is thriving, with Greensboro being one of the top five cities in North Carolina that people flock to, from “Boomerangs” returning to the area, to people moving here for new jobs or retiring here.
We can call ours a healthy yet affordable market, given projected growth over the next decade, and continued low-interest rates. You may have heard about low inventory, and yes, it has been a challenge for buyers. Continued rental price increases are another challenge, especially for first time buyers trying to save for a down payment. And while we can’t predict inventory, our agents can give you enough information to make an informed decision, whether buying or selling. The core of our philosophy is built around taking care of our clients, and we are confident that Nest does it best.