Homes in Sunset Beach, Ocean Isle Beach & Vicinity
George and Elisabeth Smith

Raleigh Housing Market Warms Up

There’s a refreshing upturn in residential real estate in Raleigh and the nearby towns, especially Cary, Apex and Holly Springs. New listings have increased by about 17% over the same time period last year. Pending sales and closed sales are up by about 37%. Homes that have been listed for sale have been spending about 14% fewer days on the market from the time they are listed until the time they go under contract.
All of this activity has resulted in our having about 12% fewer homes that are available for sale this year, compared to the same time last year. Interest rates are still very favorable, although there is some evidence that rates could begin to rise before too long. Over all, it’s a very good market. There was obviously some pent-up demand among buyers, and now many of them are out there looking for the perfect home.
Real estate agents are recounting their experiences showing that there definitely seem to be more buyers in the marketplace, and that they are more highly motivated to get the right home. Highly attractive homes that are priced right are sometimes in a position to get multiple offers in the hottest areas of the Triangle. Average sale prices are up by about 3.5% over last year, and it looks like prices are gradually climbing. However, it’s very important for sellers to realize that the homes that are being purchased are the ones that are in the best condition and have a good, fair asking price on them. Some homes are still “sitting there” because their price or condition have not been addressed in a way that suits today’s buyers.

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Picture of George and Elisabeth Smith

George and Elisabeth Smith


919-614-1402919-614-1402 main

Sunset Beach and Beyond Realty

211 Olde Oak Lane, Sunset Beach, NC 28468

George and Elisabeth Smith are the Realtors of choice for those who want real personal attention. They are proactive professionals who are on your side! Elisabeth is a Strategic Pricing Specialist (SPS), and she is fluent in German. George is a Certified Residential Specialist (CRS), a Graduate of the Realtors Institute (GRI) and a Certified New Homes Sales Specialist (CSP).