Overall the activity in the Triangle area real estate is picking up with more showings on existing listings and new listings popping up like spring flowers! I’ve heard many asking in the Raleigh real estate market “Is this a buyer’s market?” or “Is this a seller’s market?“. I have had two quick thoughts and responses. It’s a seller’s market when the home is in excellent showing condition and priced right. It’s a beauty contest out there! Days on market for these homes are amazingly less than unstaged, over-priced homes. You must use care right now when preparing comps for pricing the homes keeping in mind recent trends and media input.
It’s a buyer’s market for those looking at homes that needs a little TLC and that have already been on the market for over 100 days. The inventory of homes in the Raleigh, Cary, Apex, Holly Springs real estate area is up and many new homes are being added daily which should help give buyer’s plenty of options. Do remember though that the immaculate ones are moving quickly.
I am optimistic that we will see a fantastic 2008 year of real estate transactions for the Raleigh area, and if I can be of assistance in helping you with your real estate needs, I would love the opportunity.