Greensboro's population is 761K, with a total workforce of 359K. The labor market grew by 5,900 jobs over the past year, up by 1.6%. The median household income in Greensboro is $46,950, 1.8% higher than last year and 23.5% below the national average of $61,372. In the housing market, total permits issued totaled 2,391 over the last twelve months, down 27.9% year-over-year.
Greensboro has 42 active new home projects on the market, 16.0% fewer than the 50 from last year. The average list price in the market is $258,007, 32.4% higher than last year and 19.4% below the national average. Over the last three months, new home contracts decreased by 12.4% to 190. Greensboro and McLeansville had the highest concentration of the new home contracts in the Greensboro market.