Fuquay Varina, Holly Springs, Apex, NC - Abosorbtion Rate - Days on Market - 7-14-2008

Many People want to know what the market is doing the Apex, Holly Springs, and Fuquay Varina, NC area.  Here are the stats right from the MLS.  The Apex, Holly Springs, Fuquay Varina, NC markets is one of the best markets in the country, however, buyer confidence is still down.  I think it is uncessarily so, but here are the facts based on the past 2.5 months (May 1, 2008 - July 14, 2008).  The market is perfect for buyers and the stats below show this very well.

This chart describes the fact that if no more homes come on the market, and the homes currently on the market sell at the current, it will take "X" months to sell all of the current homes on the market.   There are still programs out there for buyers to buy. 

This chart shows that sellers must be aware of their price and the quality of their home.  Right now Price is King.  Overpriced homes will sit on the market, but correctly priced homes that have been well taken care of will move quickly.  We still have homes going undercontract in 2-3, 4,5,7 days.  But we also have homes on the market for 6-12 months.

The reason I went back to May 1st was to give the data enough time to tell us something.  We will start doing these on 30 day intervals on August 1st, but we needed to start somewhere.

Hope you find this information helpful.  Take care,  Brian Wray  www.Triangle-NC.com