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Let’s start with the great news: homes in good condition, priced right, and located in desirable neighborhoods still attract multiple offers. This indicates that it’s an opportune time to sell a house that meets these criteria. Moreover, it’s worth noting that home prices have seen a modest increase of 2% since January, which is generally favorable for sellers.
On the other hand, houses that need a lot of work or are located in less popular areas are taking longer to sell. This is happening because of rising interest rates, which may have cooled some buyers’ enthusiasm. Also, this being an election year tends to cool things off temporarily.
“Overall, the Triangle area real estate market is still healthy.”
If you are considering selling, now might be an excellent time to list your home. On the other hand, if you are considering buying a home, there are some exciting opportunities. Certain builders offer attractive buyer incentives, and specific lenders provide 2-1 buydowns. Our team is eager to meet with you to discuss these options and address any questions you may have.
For more information call me at 919-830-9051, and I’ll be happy to answer any questions you have about the real estate market.
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