Home Sales and Prices in our Local Area for January 2015

HOME SALES AND PRICES FOR THE TRIANGLE NC FOR JANUARY, 2015

The buzz is that home mortgage interest rates will stay low throughout most of 2015, but many are now predicting that we are approaching the end of these historic low rates.

It will be a healthy year in residential real estate – not the crazy days of the early 2000’s, but a steady reasonable market -- good for both BUYERS and SELLERS.

JANUARY NEW LISTINGS:

 

We need more homes to sell!  Our population is growing and housing is not keeping up.  Good news for SELLERS!

JANUARY PENDING SALES:

Pending sales numbers are important as they can predict what the short term numbers will be for the next quarter.  This can indicate that the spring market may be a bit slower than last year.  Good news for both BUYERS and SELLERS!

JANUARY CLOSED SALES

There was a bit more activity last year at this time, however this does tend to be a slower time of year in general.  Good news for both BUYERS and SELLERS!

  

DAYS ON MARKET TO SALE

In this case, a decrease in percentage is good for both BUYERS and SELLERS!  Homes are closing in a little over 2 months.

AVERAGE SALE PRICE

Good news for BUYERS! Couple this with low interest rates & you can see why now is an excellent opportunity to make that move.

All real estate is local.  These are the numbers for the general Triangle, NC area and vary from town to town.  Contact me today & I will provide you with numbers in your specific neighborhood and what they mean to you so you can decide if it’s time for you to become a BUYER or SELLER (or both!)