Are We Heading Into A Sellers Market

Are We Heading Into A Sellers Market

As the snow slowly melts away in Wake County today, I can’t help but get excited about Spring. Not just the warm weather Spring brings but the Greater Raleigh  Area’s Spring Real Estate Market.  Last Spring was the first season when the housing market was clearly recovering and based on everything we’re seeing, it’s continuing to gain strength. So what are we seeing in Wake County? In January we had just over 4000 homes actively on the market for sale with a slight drop in new listings. This gives us just over a three month supply of inventory. In January of last year we had a five month supply of inventory. Although inventory is already up slightly this month, this does show us that we have a bit of a seller’s market  in the Wake County area.  At almost every price range we are seeing homes sell for approx. 98% of their list price and the days that it takes to sell those homes are going down. For all you buyers out there, don’t worry. The advantages you can offer a seller is finding a strong lender and getting yourself pre-approved, be more flexible in your schedule to move quickly when you see a home that you like and find a Buyers Agent that knows how to negotiate a strong contract. Of course, if you’re reading this blog, you already have! 

Johnathan Stroud Headshot
Phone: 919-443-0200
Dated: February 17th 2014
Views: 2,152
About Johnathan: Johnathan is a native of North Carolina and currently lives in North Raleigh. His ambitious and goal...

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