More homes are for sale in Forsyth County, and buyers are taking their time

More homes are on the market in Forsyth County than a year ago, and sellers are waiting longer to find buyers.

The number of listings rose 10.6% over the past year, according to Realtor.com’s county market report. The median asking price fell 2.7% to $670,000.

Homes spent a median of 56 days on the market, about four days longer than a year earlier.

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For buyers, that means more choices and potentially more room to negotiate. For sellers, it means more competition from other homes.

Prices have softened by another measure, too. Zillow estimated Forsyth County’s typical home value at about $599,870 in September, down 2.4% from a year earlier.

That figure differs from the median asking price because Zillow estimates values across the county’s housing stock, including homes that are not for sale.

Lower prices, but still a costly purchase

A small price drop does not necessarily make a home affordable. Buyers still have to cover mortgage payments, property taxes, insurance and, in some neighborhoods, homeowners association fees.

Sellers also face a choice when offers fall short: lower the price, help with the buyer’s costs or keep waiting. Some may decide against selling.

The county figures do not show how many owners are making each choice. They also do not mean every neighborhood is moving at the same pace. A home’s price, condition and location can make a difference.

For now, Forsyth buyers have more options than they did a year ago. Sellers have fewer reasons to assume a quick sale at their asking price.