With the nicer weather, and lack of snow, I believe this market is going to do well in Raleigh, Cary, Apex and surrounding areas.
If you are waiting to buy or sell, you’ll want to know that new listings are expected to increase in the next few weeks/months. I know we have several listings, ‘waiting in the wings’. If you are a buyer, it will mean you are competing with more buyers, especially in certain price points. If you are selling, you will be competing with other homes for sale, so get that house shining, do some updates, call me and we can create a strategy for your home sale now so you won’t be scrambling later. Around April – May more buyers start searching, as families plan for their ‘summer moves’. Our average close time here is around 45 days which makes April a stronger month for buyers with closings 45 days later – May/June.
As of the beginning of January 2020 there were approximately 2300 active listings in The Triangle MLS system
Interest rates have started to rise…
One of the challenges I run into, are sellers wanting more, more, more because they believe their home is going to sell quickly. Please be careful about overpricing your home. When a good Realtor gives you a comparative market analysis (CMA), pay attention and don’t overprice your house. It could backfire and your home will wind up stagnating and/or you will start chasing the market.
Interest rates, although historically low, are starting to push towards 4% which means buyers ‘buying power’ is less. High demand properties tend to be $400,000 and under…..but, buyers are picky, homes need to be in better shape. Buyers don’t want to come in and do updates.
Experience Counts When Choosing an Agent
I have helped hundreds of buyers and sellers in the Triangle achieve their real estate goals, with the most money in their pocket.
When you are ready to buy or sell, call me so we can create an intelligent real estate strategy tailored to your needs.
Sharon Lewis Homes LLC
Let’s Get You Moving!®
Information deemed reliable but not guaranteed