Introduction
One of the biggest questions for homebuyers in 2025 is: “Should I buy now or wait?”
In North Carolina’s Triad region — including Greensboro, Winston-Salem, and High Point — the answer depends on your financial goals, budget, and timing. With mortgage rates around 6.3%–6.5% and housing prices stabilizing, the market is showing signs of balance.
This guide breaks down the factors influencing your decision to buy now or wait, using up-to-date market data and local insights from real estate professionals across the Triad.
1. Understanding the Market in 2025
Here’s where the Greensboro-area housing market stands as of fall 2025:
- Median home price: Approximately $326,000 (Redfin).
- Year-over-year growth: Around 0.6%, signaling a stable trend (Reventure Consulting).
- Mortgage rates: 30-year fixed rates averaging 6.36% (Fannie Mae).
- Inventory: Roughly 3.2 months of supply, suggesting a balanced market between buyers and sellers.
Stay updated on market conditions with our Triad Market Reports.
2. Reasons to Consider Buying Now
2.1. Build Equity Over Time
Rent prices continue to rise, averaging over $1,400 per month for a typical three-bedroom home (RentCafe). Purchasing allows you to invest in your own property instead of paying toward someone else’s.
2.2. Increased Negotiation Opportunities
With more balanced conditions, sellers are often open to:
- Covering part of closing costs.
- Offering rate buydowns or incentives.
- Adjusting timelines to accommodate buyers.
2.3. Future Refinancing Options
Buying now doesn’t mean being locked into a higher rate forever. If mortgage rates decline in the future, refinancing can reduce monthly payments while you continue to build equity in the meantime.
3. Reasons You Might Wait
3.1. Expecting Slightly Lower Rates
Some economists predict a gradual decrease in mortgage rates through 2026, though not a return to the historic lows of the early 2020s. Waiting could make homeownership more affordable for some buyers.
3.2. Watching Market Adjustments
If inventory continues to grow faster than demand, home prices may stabilize further. Waiting a few months could present additional options within your budget.
3.3. Saving for a Larger Down Payment
Taking extra time to save can lower your loan amount, reduce monthly payments, and strengthen your financial position before making an offer.
4. Key Factors to Consider in Greensboro
The Greensboro housing market is supported by a variety of local factors that influence home values and availability:
- Economic stability: Strong employment in healthcare, logistics, and manufacturing sectors continues to support steady housing demand.
- Regional accessibility: The Triad’s central location provides convenient access to major North Carolina cities.
- Housing diversity: From downtown condos to suburban single-family homes and rural acreage, there’s a wide range of property types to explore.
Explore more about Greensboro and the surrounding areas in our Buyers Guide.
5. How to Decide What’s Right for You
Ask yourself these key questions before deciding whether to buy now or wait:
- How long do you plan to stay in the home?
If you expect to stay five years or more, buying now allows time to build equity even if the market fluctuates. - Are you financially ready?
Consider your income stability, debt levels, and savings for a down payment and closing costs. - What’s most important — monthly affordability or long-term investment?
If you’re focused on immediate payment comfort, waiting may make sense. If your priority is long-term ownership, buying sooner could offer greater benefit.
6. Expert Tips for Buyers in 2025
- Get pre-approved early: This gives you clarity on your price range and strengthens your offers.
- Compare lenders: Even a small rate difference can have a big financial impact over time.
- Ask about incentives: Many sellers and builders are offering rate buydowns or closing cost assistance.
- Work with a knowledgeable agent: Local professionals understand property values, contract terms, and timing in Greensboro’s sub-markets.
Start your home search with The Wilhoit Group Buyers Team.
Conclusion
So — should you buy a home now or wait? It ultimately depends on your personal situation, financial readiness, and long-term goals.
If you’re financially prepared and plan to stay in your next home for several years, buying now can allow you to start building equity immediately. If you’re still saving or prefer to wait for potential rate changes, patience may offer flexibility later.
The key is to make an informed choice — guided by data and professional advice — that fits your unique circumstances.Thinking about buying in 2025? Connect with The Wilhoit Group for local expertise, personalized strategy, and trusted guidance through every stage of your home search in Greensboro and the Triad.
