Pretty much whenever I go for a coffee, I have a conversation with folks and inevitably we talk about Real Estate. "How's the market?" to which I always reply "It depends" Fortunately Raleigh, Cary and the Triangle area have not sufffered as dearly as other parts of the country. With a large number of properties on the market it will feel like a lifetime before things improve.
As the old saying goes "One man poison is another one's punch" To that end short sales, foreclosures have helped some get into the market where at another time they have not had the luxury.
The good news is we are seeing a positive change in the Raleigh, Wake Forest and Rolesville market. One could opine that it is the historically low interest rates, the first time home-buyer credit for $8000 or perhaps sellers are finally lowering prices. Buyers are coming into the market we are moving inventory.
In the end the meeting of the minds, or a reasonable Buyer and Seller negotiation with a great agent will get the job done.