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Greensboro Housing Market Faces Unprecedented Demand Amid Industry Boom [Video]

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Greensboro is booming, but housing isn’t keeping up. A new study says Guilford County needs 32,000 new units in 5 years.

GREENSBORO, N.C. — The Greensboro Planning Department says the city is experiencing an “unprecedented demand for housing,” driven by new industries and a growing population.

Realtor Ty Cannon sees this demand firsthand. “I get a call at least once a week from someone moving to our area,” Cannon shared, noting the influx of people relocating from the Northeast, Southern Florida, and California.

Greensboro’s growth, fueled by projects like the Toyota battery plant and Boom Supersonic, has placed immense pressure on the housing market. According to Cannon, fewer than 500 homes were for sale in December, representing only a two-month supply. “Typically, we like to see about a six-month supply,” Cannon explained. “With the plans in place for Greensboro’s future, we’re going to need more.”

A study by the Greensboro Regional Realtors Association, highlighted in a new report by the …

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