Triangle Property Lines: Third Quarter 2015 Housing Market Update for the Triangle NC

Friday, October 23, 2015

Third Quarter 2015 Housing Market Update for the Triangle NC

This has been a great year for both sellers and buyers here in the Triangle NC! Home prices are rising allowing more sellers to sell, and historic low mortgage rates are allowing more buyers to buy.

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

WHILE THERE HAS BEEN LOTS OF ACTIVITY & DEVELOPMENT IN APEX AND OTHER NEIGHBORING TOWNS, INVENTORY OF NEW HOMES REMAINS DOWN

AVAILABILITY OF ALREADY CONSTRUCTED HOMES IS ALSO DOWN FROM A YEAR AGO

PENDING SALES - HOMES THAT ARE UNDER CONTRACT - ARE UP 8% THIS QUARTER

CLOSED SALES - HOMES THAT SOLD - ARE UP 10% OVER LAST YEAR

AVERAGE SOLD HOME PRICE IS UP 4% OVER LAST YEAR TO NEARLY $270,000

DAYS ON MARKET: 42!! The lowest every recorded by our Multiple Listing Service.

Here's the takeaway: If you have been thinking of selling, this is a great time for you to make the move! Qualified buyers are still looking and the summer frenzy has slowed a bit, giving your home the spotlight. I work very thoughtfully with my sellers: all my listings sell in just days

Contact me today for more detailed info on what's going on in your neighborhood - I will give you all the facts about your home's value, and how to achieve your home goals! If you're looking to buy - I have some great homes that are selling fast, so don't wait!

Elizabeth Scott, Realtor®, Broker