The final quarter of 2019 was a good one for the housing market with 258 home sales across Rockingham County – a nearly 21% increase from the previous year, according to the Greensboro Regional REALTORS Association.
The non-profit group said 205 additional sales were also pending at the end of the quarter – a 13.3% increase from 2018 fourth quarter totals.
The fourth quarter average sales price of $152,975 rose 12.7 percent from the 2018 fourth quarter median.
The home sale average of $137,900 at the end of 2019 surpassed 2018’s average by nearly 16 percent.
Rockingham County Council Chair Kris Cayton said that increased sales numbers is great news for Rockingham County.
“With the average home price going up and the average total days on market going down, now is a wonderful time to market your home for sale ahead of the upcoming spring market,” Cayton said.
The Stokesdale market, which sits on the border of Rockingham and Guilford Counties, specifically had a strong sales market at the end of 2019.
The median sales price of $293,950 — an increase of 15% from the same time a year ago — led to a 13.9% decrease in housing supply, which was set at 3.1 months heading into 2020.
In total, 52 homes were sold in Stokesdale in last year’s fourth quarter, according to the non-profit organization.
Those sales figures are a 58% increase over fourth quarter numbers in 2018.