Market Trends For The Triangle for January 2018

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

Market Trends For The Triangle for January

 

Units Sold-1981

Compared to Last Year-Up 1%

 

Active Inventory-5,708

Compared to Last Year-Down 19%

 

Median Sale Price-$259,900

Compared to Last Year-Up 10%

 

Days on Market-50

Compared to Last Year-Down 7%

 

New Listings-3,080

Compared to Last Year-No Change from Last Year

 

Current Contracts-2,827

Compared to Last Year-Up 14%

 

Sold vs. List Price-98.6%

Compared to Last Year-No Change Vs. Last Year

 

Months of Supply-2.9

Compared to Last Year-Down 20%

 

 

Are you ready to Sell? Ready to Buy? Call me Today! The Triangle Real Estate Market is Ready for you! Your Triangle Relocation Specialist & Certified Residential Specialist~

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
7,522
jennifer hollowell
Allen Tate - Winston-Salem, NC
Certified distressed property expert

Hey Sharon- I noticed you are a relocation specialist.  Do have trouble in this market finding buyers a home while they still have a home to sell? how do you handle that? We dont really do contigent sales anymore and most sellers I have spoken to are afraid thier home will sell way too fast for them to find something..so they want to secure a home first.  But to secure a home first the "other" seller would have to consider this to be a contigency- and far less favorable than other offers. Especially with lack of inventory and mulitple offers.  How do you secure the person a home if thiers has not sold?  (Like the chicken before the egg thing) any insight?

Feb 20, 2018 04:33 PM #1
Rainmaker
591,149
Sharon Kowitz
CRS-SRES-ABR-GRI-E-Pro-CREN Fonville Morisey Cary, NC - Cary, NC
Cary, NC Relocation Specialist ~ Buying or Selling

Morning Jennifer Hollowell,

We are finding it very hard to do contingency offers in multiple offers.

Cash is King - in a higher price point home that has been on the market longer we can get a contingency through if my clients home looks like it will sell pretty quickly. 

Best of luck in your market...anything over here in the Trinangle under 300k is selling quickly. Homes over 475k take a bit longer due to new construction competition. 

Feb 21, 2018 05:47 AM #2
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Rainmaker
591,149

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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