What the market has told us:
The recovery = slow and steady.
Inventory: biggest need.
Agent performance: many getting average results a few are creating great results.
Comfort food market: buyers want proven areas, amenities, certainty.
Contracts ratified last week: 558. Same Week Last Year: 480 (Wake county)
Showings last week: 2643 (Raleigh, < $2m, Detached)
Homes listed last week: 517
Last week Wake County was net a negative 41 homes on the market. 243 more homes went under contract than hit the market in the last three weeks.
Lack of inventory is creating some market shifts. Many homes are punching way below their price points and finding buyers. It is a "best available” market right now.
There were 23 existing and new construction sales over $750,000.00 last week. The average price was back to $1.035M. Chalk up last week to the holiday weekend. All seven $1m plus sales in North Raleigh or ITB.
We use data points and buyer trends to create client strategies resulting in homes selling 3% higher than comparable homes in half the time, ask us how.
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