Home Prices for Cary NC - August 2017

By
Real Estate Agent with Fonville Morisey/Santrock Realty Group, Inc. 244213

 


Real estate market data for Cary, NC provided by Tracy Santrock of Fonville Morisey Realty

 

Cary Home Prices

 

Cary NC Real Estate has been booming for quite some time now. The market picked up in 2013 and we have seen substantial gains year after year since then with low inventory and multiple offers in all price points. Coming into the fall we are seeing a definite slowdown in the $700,000+ range in our market. However, anything under $500,000 in Cary is still seeing 80% of the homes sold within 30 days and 33% of all homes sold above final list price in 2017. Given the demand we are seeing appreciation rates not seen in previous years in this area. The average overall sales price increased 8% and the average resale price increased 4%.

 

If you are interested in how much current inventory is on the market in Cary you can find that information by clicking on the link. Love inventory will suggest that homes are moving quickly. Currently in this area of Cary, the average days on market for homes selling at original list price is 11 days on the market and 87 if the seller has to reduce their price. Sellers should make sure to price their home near the market value if they expect to get multiple offers from one of those many interested buyers. I expect home prices to continue to increase until inventory is balanced.

 

 

 

 

 

 

The median list price in November for single family homes in Cary is $525,000. The list prices increased by 0.84% from the previous month.

The price per square foot for listings in this area is $155.

The median sale price in August for single family homes is $518,000. The sale prices increased by 0.5% from the previous month.

The price per square foot for sales in this area is $155.

Find Homes for Sale in Cary NC

Visit my website to search for homes in Cary or to be notified when Cary homes come on the market.

To find out what you home is worth in the current market Email Tracy Santrock or call 919-656-5310.

 

 

 

 

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Comments (1)

Denise Copeland
Home Sales Palm Beach - Jupiter, FL
Jupiter Abacoa Sales & Beach Front Luxury Homes

Great info. I love to see how different agents are blogging about market trends in their areas!

Aug 04, 2017 11:10 AM