Spring is just on the horizon, and as the weather heats up, so will the housing market in Raleigh, Cary, and Apex.
While the number of new listings is expected to climb in the coming months, so will buyer demand, as people plan their moves for the end of the school year. Given that the contract to close period lasts from between 30 to 45 days on average, April is a popular month for home shoppers. Going under contract in April often means a closing in late May or early June, as children are finishing up school for the summer. As of the beginning of March, there are 2,013 active listings in Raleigh, Cary, and Apex, with an additional 2,192 under contract.
Though interest rates have started to rise slightly, they are still at historic lows, meaning mortgages are still very accessible to buyers.
However, sellers must be careful not to overprice their listings – with interest rates on the increase, buyers in the 2019 spring market don’t have as much wiggle room on price as they’ve had in the past few years. In Raleigh, Cary, and Apex, properties priced around $400,000 and lower are currently in the highest demand. However, there is still strong interest in higher priced homes with desirable updates and in good locations.
When choosing a Real Estate Agent to list your home with, experience counts.
With over 20 years of experience in the Raleigh, Cary, and Apex market, I can help you navigate the listing and closing process and ensure that you end up with the most money in your pocket at closing. If you’re thinking of listing your home, give me a call and I’ll talk you through my outstanding marketing strategy. Call Amy for your Shair of the market!