Housing market outlook: Demand could drop soon, high prices here to stay

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Housing market outlook: Demand could drop soon, high prices here to stay | Dig In 2 It | https://bit.ly/3l0VwsY

The median selling price for homes in Greensboro in March was $269,000, according to Realtor.com. That’s about a 23% jump from last year.

The latest report from the U.S. Department of Commerce showed new home sales slowing down after surging for most of the past two years. It is estimated that 763,000 single-family homes were sold in March. The report said that’s an 8.5% drop from February and 12.9% lower than last year.

It could be early signs of the housing market starting to cool off. Mike Carter, a commercial and residential real estate broker, said he wouldn’t bet on it.

Read more: https://www.wfmynews2.com/article/news/local/2-wants-to-know/housing-market-2022-bubble-prices/83-73e85e7e-7e12-4e60-91e9-64fe2f122bee

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