Good news for Triangle residents wanting to sell their home....Sales are UP! What does this mean for you as a seller? It means the game has changed and you now have a good chance of selling your home a bit faster than this time last year. Sales were up 19% over last year according to the Triangle MLS. Pending sales of homes are also up by 27% which translates to a decrease in inventory. Plus, days on market continues to trend downward to 115. All excellent signs of a revival in our housing market.
For our Triangle residents wanting to buy their first home or maybe move-up into a larger home what do the numbers mean? It means you better get moving before all the good homes get snatched up! That's right, we're seeing multiple offers on the homes in pristine condition, priced right and in the better locations. I can attest to the increased activity and quick sale on homes because one of my listings went under contract in just over a week from list date. Another of my listings has had fourteen showings in just over 3 weeks on market and is in the running for a possible offer this weekend. For my seller's it is a welcome change from the past few years.
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