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Cary Real Estate Market Show Signs of Recovery
 
The real estate market in Cary is starting to show signs of recovery.
Inventory is now stabilizing and home sales are starting to level off rather than continue to decline. That said, here is a look at the current real estate market in Cary. So, what is going on that's affecting the market? 1. Families relocating to this area are finally selling their homes in other areas in order to relocate. 2. Downward pressure on real estate prices has made areas closer to Research Triangle Park more affordable. The Median Priced Home in Cary is currently $220k. 3. Unemployment is hovering at 7.5%. There are a lot of people that have relocated to the area without jobs hearing about our great economy and strong job growth which has put pressure on the job market. 4. While we were one of the last markets to join the recession we have seen a downturn in overall market activity year over year. 5. LIFO market - we are expected to be one of the first markets to recover. 6. Anyone that purchased after the peak in 2006 will have difficulty making a profit if they were to sell today. Here are the ... more

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