When Realtor.com released their 2021 list of cities where homes are selling fastest, a Triad city came in right at the top. Burlington, NC ranked the fourth hottest housing market in the country. And while Burlington’s real estate market has roared past other neighboring towns, homebuying activity has been robust all across the Piedmont Triad, spurred by buyers with increased spending power thanks to low mortgage rates.

Factors such as lower cost of living and recent growth and development in the region are drawing people from out of town to the Burlington area. Its location between bigger cities allowing commuters to get to work easily is another upside for many who do not telecommute or are expected to return to office.

But as the pandemic accelerated, the adoption of remote work and the demand for larger homes have also increased. This pent-up demand has been highlighted by real estate agent Amber Harvalias at The A Team at Keller Williams, who told FOX8, “Most of our homes are selling at 4-5% over sales price.” And inventory isn’t keeping up with the demand. “We literally go knock on doors and say hey, we have a buyer interested in your home, are you interested in selling,” she said. “About one and a half to two homes are selling for every home listed. That’s what’s driving inventory to be extremely low right now.”

Learn more about Burlington by watching the video below.



Are you looking to buy a home in Burlington or any of the surrounding areas? The Sharpe Mortgage Team would love to help. Call us today to set up a time when we can review your financial goals and determine a loan program that might be right for you.