The real estate market has seen its fair share of fluctuations and surprises over the past year, but one thing remains certain: home prices are on the rise in many metro areas across the United States. According to recent data by the National Association of REALTORS®, Burlington, North Carolina has emerged as one of the top ten metro areas with the largest year-over-year price gains, solidifying its position as a thriving real estate market.

In the latest quarterly report, Burlington, NC secured an impressive 14.7% surge in home prices. This achievement places Burlington alongside other notable metro areas such as Kingsport-Bristol-Bristol, Tennessee-Virginia; Oshkosh-Neenah, Wisconsin; Warner Robins, Georgia; and Hickory-Lenoir-Morganton, N.C.. 

In general, expensive markets have seen real estate prices take a tumble while in affordable markets prices have soared. The South leads the nation in single-family existing-home sales, accounting for 46% of transactions in the first quarter of the year. This robust market activity has contributed to a 1.4% year-over-year price appreciation in the region.

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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 talk about your financial goals and discuss a loan program that might be right for you.