Dr. Don Jud, professor emeritus and senior research fellow in the Center for Business and Economics Research in the Bryan School of Business and Economics, was interviewed by the News & Record regarding the dismal state of Greensboro home sales. The news came from the Trulia real estate survey and listing service, one of the nation’s top real estate marketing websites.

Jud, who also produces of the Triad Business Index, confirmed that things don’t look good right now for the home sales market in Greensboro. However, he is not sure when the market will pick up. He does have a sense that things will be better by this time next year, though, he is paraphrased as telling the News & Record. Jud said that this market drop will eventually draw down the number of homes on the market and make prices rise. Despite these eventual changes, right now, the average listing price on the Trulia site is $226,000 — a drop of 7.4 percent in the last five years.

“If you do have money and you do have a job,” Jud said, “you’ve not seen such a buyer’s market in our lifetime.”

Home prices are as low as they were in 1997 when adjusted for inflation, he also stated.