Is the Cary NC and the Triangle Real Estate Market Healthy?
Is the Cary NC and the Triangle Real Estate Market Healthy? That was the question posed to the presenters at the Real Estate Trends Forum yesterday at the RBC Center. Over two hours area real estate agents were presented with the facts about the Cary NC and the Triangle Real Estate Market Health.
Foreclosures:
- Nationally 31%
- Triangle 6%
- 2007 - 7589
- 2010 - 11,784
Expired Listing - Homes that were priced incorrectly and DID NOT sell
- 2007 - 28%
- 2008 - 48%
- 2010 - 42%
Pricing Adjustments - Sellers needing to adjust prices to get more competitive.
- 2007 - 38%
- 2009 - 58%
- 2010 - 62%
The overall sediment of the Triangle Real Estate Trends Forum was that our market is much healthier that other markets across the nation. The Cary NC and Triangle Market does trend in a cycle; up the spring, down in the fall. Lessons to go away with are to price homes correctly at the time of listing. Homes priced correctly sell for 97% of the List Price and in a shorter amount of time, average days on market 49. Homes overpriced sell within 148 days and for 88% of the List Price. I call that motivation to listen to the market not matter how hard the news is to hear.
Are you looking for a REALTOR that is:
- a former teacher that knows the schools system
- has lived in the area for over 15 years
- has expertise to get the job done?
Is the Cary NC and the Triangle Real Estate Market Healthy? was first published on CaryRealEstateBlogger.com - a blog by Linda Lohman
Copyright © By Linda Lohman, all Rights Reserved, * Is the Cary NC and the Triangle Real Estate Market Healthy? *
