Triangle MLS Market Report Shows Great Improvement Over 2011
How did your market do in August?
In my part of the country, Raleigh-Durham-Chapel Hill NC or the Triangle as we are also known, our market is picking up! For Wake-Durham-Orange and Johnston Countiesclosings are up 26% over 2011 – Pendings up 22% and best news of all would be, our housing supply is at 5 months over 7 months in 2011.
We would love to claim a sellers’ market, although we are not quite there yet. Homes located in some of our best locations have seen multiply offers; I was headed out to show a home yesterday only to find out it had 4 offers over the weekend! Back to old school of Location, Location-Looks Good and Smells Good Sells!!!
Check out our local Expert Stacey Anfindsen and Rachel Wiest of our Triangle MLS with August Market Update.
Next Question…how many homes on average are you showing buyers? Our Triangle Inventory has an average of 6 showings ….of course some of my listings have seen 52 showings and some none this year. My showing average for buyers this year has been about 15 homes. Why? Lots of inventory, uncertainty of market and need by the buyer to make sure they have seen everything that may fit their needs before committing to such a large purchase.
I would be interested in hearing how many showings you are averaging this year and how your market is doing?