Triangle Property Lines: July 2015

Friday, July 24, 2015

2Q 2015 Home Sales and Prices in Triangle NC

We need your help! Inventory is too low -- buyers are clamoring for homes and we need yours!

Here are home sales and prices for Apex, Cary, Raleigh, Holly Springs, and all around the Triangle NC for the second quarter 2015:

The big news is that there are not enough homes available for current buyer activity. Showings are up 10%. Inventory decreased 14% since July of last year. What does this mean to you? If you are thinking of selling, this is the best time to sell in years!.

Pending sales are up 20% since same time last year.

Closed sales are up: 11% over last year, Up 22% for June!

Days on Market is an astounding 52 days. This means you can anticipate selling your home in less than 2 months! Most of my clients' homes sold in just days over asking price and with multiple offers.

Average home price in our area is $273,600 up 6%! This means that folks who were not able to sell before because their home value had declined are now able to sell as prices rebound.

I have lots of buyers who are ready to buy and mortgage rates are still at historic lows. Contact me today to learn you home's value and see if now is the time for me to list your home!

Elizabeth Scott, Realtor®, Broker

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Diamond Award – High Sales Volume
e-PRO, Strategic Pricing Specialist

Fathom Realty NC, LLC
Phone: 919.306.9699

Email: Elizabeth@TheSmartRealEstateAgent.com

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* Source: Triangle Multiple Listing Service

Tuesday, July 7, 2015

Still on the Fence About Selling Your Home?

Well, it's time to hop on in! The Spring & Summer months have always been a very popular time for homebuyers to start the search for their dream home. This year is no different.

You remember the well-known Theory of Supply & Demand - you get the most money if the demand is high and the inventory of that item is low. It is happening in our real estate market right now.

Here are 2 easy-to-understand graphs of why now is the time to sell:

According to research at the National Association of Realtors (NAR), buyer activity this year has far outpaced the same months in 2014. Purchasers who are ready, willing and able to buy are in the market at great numbers.

According to NAR, “Foot Traffic has a strong correlation with future contracts and home sales, so it can be viewed as a peek ahead at sales trends two to three months into the future.”

Buyer demand is far outpacing the supply of homes available for sale

Do you want to know the value of your home in today's market? Give me a call - I'm your local real estate expert and happy to answer all your questions!

Elizabeth Scott, Realtor®, Broker