Triangle Home Market August 2013

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The results for August homes sales are in for the Triangle.  2013 continues to see lower inventory in all of the Triangle markets.  In August we saw Wake County’s inventory drop below three months to 2.9.  Durham County and Orange County dropped to 3.3 and 3.7 respectively.  

Prices are continuing to rise despite the increase in interest rates.  Average sales price in Wake County was $262k.  Durham was $203k and Orange was $336k

Average Days on Market for Wake County was 84.  Durham 96 and Orange 94.

What does this mean?  Right now there is a slight sellers market going on.  Inventory is needed to balance out the demand for the buyers out there.  Whether you are buying or selling, it is a great time to get in on the action.  Email me at welcomehomerealtync@gmail.com if you have any questions about the market in the Triangle, NC area.

 

 

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Always Look Up

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Always Look Up

Always look up. Its a motto you should practice in everyday life as well as in looking at a house. The roof structure and eaves can provide you with vital information on the overall structual maintenance and can tell you if you will have to shell out money in the near future.