Here’s an overview of what this market means for buyers and sellers.
We just finished an extremely busy summer where we helped 55 buyers and sellers with their real estate transactions. The market remains strong for sellers throughout the Triad area. The median price is now $235,000. That’s $30,000 higher than the median price from a year ago. For sellers, that means that when they're putting their houses on the market, they're getting top dollar.
The big question we continue to get is: “If I sell, where will I go?” There are still a lot of homes on the market. In September, there were over 2,800 houses on the market. That's up by 1,000 homes from six months ago. For buyers, this means that you have significantly more homes to choose from than you did just a few months ago, so you can move with confidence and still take advantage of the low interest rates.
This is still a tricky market, so we encourage you to have an experienced real estate team on your side when making decisions. Give us a call, and we’ll guide you through the process. Don’t hesitate to reach out to us if you have any questions.
