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What's Happening in the Triangle Market This Year?
Manage episode 177325639 series 1093757
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Homeowners selling their house have an upper hand in Triangle market right now. But what does that mean to you and me?
Looking to sell your Raleigh area home? Get a home value report
Looking to buy a home in the Raleigh area? Use our home search tool
What's been going on here in the Triangle market in the first quarter?
From January 1st to the end of March, 7,630 homes have closed in the Triangle MLS. Just in Wake County, there have been 4,091 closings. During this same stretch in 2016, we saw 3,741 closings, so our market is up by about 300 closings this year.
We currently have 7,400 active properties in the MLS with 3,000 of them in Wake County. It might sound like a lot, but it's actually a historically low number for our market.
So what does this mean to you?
"You'll face very low competition as a seller."
Since there aren't many properties available, you'll face very low competition as a seller. We're seeing sellers get top dollar in short periods of time for their homes. As a buyer, there could be limited options for you since it's a little bit more competitive.
The average number of days listings stay on the market is 44, but our team's average is 22 days. We're able to do this thanks to a very strategic marketing system and models to get you top dollar.
If you're thinking about buying or selling a home in today's market, we'd love to help. Just give us a call or send us an email, we're here to help!
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