As millions of Americans have shifted from in-office to remote work, professionals from all over the country have flocked to smaller towns in search of affordable living. In August 2021, Burlington, NC ranked number one on the Realtor.com® monthly hottest markets list.

Realtor.com’s Market Hotness rankings factor in two aspects of the housing market: 1) market demand, as measured by unique viewers per property on Realtor.com®, and 2) the pace of the market as measured by the number of days a listing remains active on Realtor.com®.

Burlington, NC has continually featured among the top hottest markets in the country in previous months. However, the last time this metro area snagged the top spot was November 2020. “For just under $190,000, Burlington buyers can score a three-bedroom, two-bathroom, single-family home built 20 to 30 years ago on a quarter- to a half-acre of land”, real estate agent Vivian Sweatt, of Sweatt Realty, told Realtor.com.

The median sale price in Burlington is significantly cheaper than other NC metro areas such as Charlotte and Raleigh and around 31% less than the national median. Burlington is a diverse and dynamic city with a small-town feel and an abundance of economic opportunities for newcomers. Recent new additions to the business community include the corporate headquarters of Honda Aero, the jet engine manufacturer for Honda and other aircraft manufacturers, as well as Sheetz Corporation, which recently opened their 245,000 square foot regional distribution center in Burlington.

Is there anything that The Sharpe Mortgage Team can do for you this week? If you’re interested in purchasing a home or refinancing your current home in Winston-Salem or the surrounding areas, give us a call! We can discuss your financial goals and discuss a loan program that might be right for you.