Housing Watch 2024: A Closer Look at the Triangle Area’s Market

By Cynthia Quarantello

Cynthia Quarantello is an award-winning Real Estate Agent specializing in buying and selling homes throughout the Triangle area. She holds advanced degrees in advertising, marketing, and business, which enable her to provide exceptional service to her clients.

Today, I want to share with you a few things that you need to know about the state of the market in the Triangle area of North Carolina in 2024. By knowing about these important insights, you’ll be able to make informed decisions when it comes to buying or selling your property.

First, interest rates are dropping, which is good news for buyers since property prices tend to be more affordable when rates fall. While buyers can be happy about the market’s interest rates, inventory, on the other hand, is low. A low inventory market is advantageous for sellers, as they can increase home prices on their houses this year.

When it comes to stability, the Triangle area’s market is stable compared to others in the country. Also, builders in our area continue to build homes, and sellers are able to sell their properties.

“When it comes to stability, the Triangle market is stable compared to others in the country.”

Personally, if someone asks me for advice about buying a property, I’d tell them to take advantage of the current market and buy right now before the spring inventory starts. After all, we might get into some multiple-offer situations again within the year.

Overall, 2024 is off to a good start. I hope that this quick update on the state of the market helps you make informed decisions and plan your next move. Remember that if you have any questions about real estate, give me a call or shoot me an email, and I’d be more than happy to talk with you.