Real Estate Market Conditions Wed, 06 Jul 2016 00:00:00 GMT Wed, 06 Jul 2016 00:00:00 GMT en-us May 2018 Wake County Real Estate Report <p>We are wrapping up the spring market in Wake County and making our way into summer! We finished May up 5.1% for new listings compared to May 2017, but still down 0.8% for the year. By this time in 2017, there were 11,467 new listings, and at the end of May 2018 that number was 11,380. Not far behind! One of the most interesting statistics for Wake County is the median sales price. In May 2017, the median sales price was $292,000, and May 2018 that number is $308,250 – a 5.6% increase! Year to date, that number is up 7.1% from where it was last year. So if you bought in Wake County last year, you are continuing the build good equity! (on average) We are still seeing a slow drop in months supply of inventory, down 4.3% this month compared to last year’s May. We need more inventory, so this is still a great time to put your house on the market. We are anticipating a busy summer as well!</p><p><br></p><p>Give us a call if you are interested in your home's market value! We would love to help.</p> Mon, 18 Jun 2018 00:00:00 GMT April 2018 Raleigh NC Real Estate Market Conditions <p>We are still seeing a very busy market in Wake County and surrounding areas, and certainly need more inventory! Now is still an excellent time to sell - we are still seeing quite a frenzy and often times multiple offers in price points of $300k and below! This is an exciting time! That said, this is still a great time to purchase a home, with mortgage rates still being low, there is inventory out there! This is a really important time to have a Buyer's Agent looking out on your behalf, ready to take you to see property and helping you write a competitve and compelling offer! We love to help buyers find their new perfect home!&nbsp;</p><p><br></p><p>We are predicting to see only a tiny bit of a slow down through the summer. We have found that often as schools are wrapping up for summer, many folks are starting to feel ready to think about selling or buying a home in this area. We would love to help you! Give us a call anytime, 919-602-7411 or book an appointment online anytime!&nbsp;</p> Wed, 16 May 2018 00:00:00 GMT March 2018 Real Estate Market Conditions <p>The Market continues to be very strong in Wake County again with home prices up 10% from where they were a year ago that's more than double the long-term average appreciation rate in this area.</p><p><br></p><p>Inventory is down again 6% from where it was last year and number of sales is up 3%. So overall, very much a low inventory seller's market so buyers are really need a powerful strategy to lock down houses particularly homes under 400,000. However for buyers the interest rates continue to be very good and home prices are only going up so the best strategy for buyers is the sooner the better and having a good way to compete when there's multiple offers isoing to be critical for buyers in this spring market!</p><p><br></p><p>As far as sellers, now is still a great opportunity to really maximize what you put in your pocket when you sell your home so be wary discount type ompanies or for sale by owner opportunities because what you may be doing is really reducing the amount of profit that you put in your pocket at the end of the day.&nbsp;</p><p><br></p><p>Feel free to give us a call anytime, to discuss more!&nbsp;</p><p><br></p> Tue, 17 Apr 2018 00:00:00 GMT February 2018 Real Estate Market Conditions <p>We are seeing a little bit of a different first quarter this year, compared to where we were in 2017. Overall new listings are down 4.5% for the month of February. New listings in February of last year were Wake County were 2,068 and this year that number id 1,975.</p><p><br></p><p>We are still seeing quite the increase in the median sales price. Up almost 11%for February, and almost 10% overall for the year. In February 2017, the median closed sales price was $266,135 and for February 2018 it is $295,000. It just continues to move up!</p><p><br></p><p>We are continuing to see a decrease in months supply of inventory, down 10%. With inventory being low, now is an excellent time to consider listing your home! We are see homes sell quickly in that median price point, often with cash buyers and multiple offers. 98% of homes are receiving list price.</p><p><br></p><p>If you are considering listing your home in Wake County, or just have a question, please let us know. We would love to help you in any way we can! Connect with us now!</p> Mon, 19 Mar 2018 00:00:00 GMT January 2018 Real Estate Market Conditions <p>We are off to quite an exciting 2018 in Wake County and expect to see things continue to move quickly, especially at certain price points. Inventory for new listings is up 4.1% from this time last year, but we are still seeing a need for more inventory. We are also seeing an increase in closed sales compared to this time last year, by 3.4% with a total of 1,119 closed sales. Something very interesting to consider, is the median sales price of homes continues to rise! The median sales price for Wake County is $286,259 which is up a full 8% from this time last year! As I mentioned previously, we are still seeing a bit of a shortage in inventory, we are down 10.5% from this time last year, with a 1.7 months supply for Wake County, so now is great time to sell! If you have been considering the market or wondering what your home value may be, please let us know and we would love to help you!</p> Thu, 15 Feb 2018 00:00:00 GMT