April 17, 2018

March 2018 Real Estate Market Conditions

By Jennifer Spencer

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.


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!


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. 


Feel free to give us a call anytime, to discuss more! 


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Spencer Properties Jennifer Spencer

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  • 3607 Falls River Avenue Suite 115
  • Raleigh,NC 27614
  • Office: 919.880.2979
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