Home
sales and prices for Apex, Cary, Raleigh, and all the Triangle, NC for January,
2014
Triangle
Homes Sales UP 11.2 percent in January, 2014!
Pending
Sales: ↑ 7.6%
Prices: ↑
Med Price up10.8% -
$198,600
Listings: ↓
2%
Inventory: ↓ 7.1%
Days
on Market: ↓
9.6% to 103 days
Absorption
Rate: 4.7 months = Sellers Market
(but bargains can still be found)
Potential TRENDS to watch for in 2014 include increased seller
activity, more new construction and fewer foreclosures on the market. Job growth is still sluggish, and that will
affect our real estate market in the coming year.
What
does this mean for you? Well, if you’re thinking of selling, now would be an
excellent time to get a fresh comparative market analysis. You may be in a much more positive position
than in the past. And, the number of
available homes is at historic lows which is making it easier for sellers – you
are in an exceptional position! Homes
that are properly prepped and priced sell quickly.
.
If
you’re thinking of buying, interest
rates remain attractive and should remain below their long-term average. That said, they are expected to creep higher
in 2014. Great homes are still available
and some sellers are still willing to negotiate.
Whatever you're thinking, give me a call and I'll give you all the information you need to make the SMART decision.
Do
you want to know the Market Insider Information specific for your neighborhood? Click HERE and enter your zip code.
Source: Triangle Multiple Listing Service
 |
| BE SAVVY...CALL THE SMART REALTOR |
2013 Diamond Award – High Sales Volume
e-PRO, Strategic Pricing Specialist
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