The Raleigh area real estate market is still very hot—but there are some changes on the horizon, both locally and nationally, that you need to know about…
➤ Demand is still very strong, but the market is “slowing” a bit.
Lately, well-marketed and correctly priced homes, especially those listed under $350,000, have been flying off the market, many with multiple offers.
Year to date, median sale price is up 8.3%, and days on market are down 13.5%, and as appraisal values “catch up” to the rising sale prices, some buyers are paying extra out of pocket in order for the sale to close.
Despite huge demand, the actual number of new listings has only increased by 1.7% since last year, but the number of homes sold is up 5.6%. Pent up demand is the driving force.
All this said, the Greener Grass Real Estate team has seen signs of a slowdown. This isn’t necessarily bad—it just means the market is catching up.
➤ We will watch for economic changes on the horizon.
Locally, our economy is robust. But on a larger scale, there are a few topics we’ll be watching.
Globally, economic changes in the retail sector, and trade changes within economic powerhouse China will likely affect the US economy as a whole come springtime.
What does this mean for homeowners who are thinking about selling?
➤ Now is a great time to start the process for selling your home.
The Greener Grass Real Estate approach means strategic marketing and concierge service—so you get exceptional results, without the hassle.
If you are thinking about selling your home in the next 12 months, call today for your strategic marketing consultation ➜
We will cover your goals, and our strategic approach to getting you the highest possible price in the fewest days on market.
To your success in 2017!
Thinking of selling in the next 12 months?
Call today for your Strategic Marketing Consultation