Triangle Real Estate Market Can't keep up with the Demand!

By
Real Estate Agent with CRS-SRES-ABR-GRI-E-Pro-CREN Fonville Morisey Cary, NC 228537

Triangle Real Estate Market-

HIGH DEMAND, LITTLE SUPPLY!

 

I was just reading this great article on the demand we are having here in the Triangle, with little supply!

 

It discusses how our market is confusing to even the most experienced agents. Our Supply has gotten so low that people are getting up to 20 offers on homes BEFORE they are actually on the market!

 

But this has also caused problems because those who would 
list their home to move within the same area, aren't in fear of losing their equity.New homes are appreciating faster than existing homes so if they want to move to a newer home in similar size they are likely to lose their equity. Plus, once their home goes on the market, it's likely to sell quickly and they will need a place to go fast.

 

 

This is causing many home owners not to list and stay put. Homes under $300k are almost impossible to find in the area, which is making it difficult for first time home buyers. 

Interesting World We are Living in Here in the Triangle!

Posted by

 

 

Sharon Kowitz
www.kowitzrealty.com

Relocation Certified Specialist
Broker/REALTOR
Gold Sales Club - Top Producer
CRS-GRI-ABR-E-Pro-SRES-LHMSM-CREN

Cell: 919-417-4367
skowitz@fmrealty.com

 

 

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Rainmaker
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Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Terrific post!  Thank you for sharing it and happy Hump Day!

Apr 13, 2016 12:22 AM #1
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Hi Sharon

It seems we are seeing similar conditions in many parts of the country, and it's a big challenge for those who want to sell, can't buy without sellling, and have limited inventory to choose from themselves.

Jeff

Apr 13, 2016 12:24 AM #2
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Rainmaker
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Sharon Kowitz

Cary, NC Relocation Specialist ~ Buying or Selling
Need to buy or sell a home? Ask me your Relocation Specialist
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