Triangle real estate is about to get hot again. Why am I guessing this? Because it's the first week of January and I've been getting lots of calls. People are ready to sell and they're ready to buy. Here's the deal with current market trends:
Demand Remains Strong: The demand for housing in the Triangle area remains robust, driven by the region's growing population and economic stability. Universities and research institutions have continued to drive demand, and flourishing tech and biotech industries continue to attract a skilled workforce.
Rising Home Prices: Due to the strong demand and relatively low supply, home prices in the Triangle area have been on an upward trajectory for quite a while. We did experience something of a freeze in the past six months, but the thaw is coming.
Inventory Challenges: Like many areas nationwide, the Triangle is STILL experiencing a shortage of available housing inventory, at least when it comes to some types of inventory. We've been in an odd place for a while -- some properties are sitting on the market, while others experience bidding wars.
Interest Rates Impact: While interest rates have been fluctuating, they remain an influential factor in the home-buying process. Here's the deal -- when these rates drop, demand will increase even more. If you can buy before the rates drop and then refinance later, I think you'll be sitting pretty.
If you're looking to sell: REACH OUT TO ME ASAP. I can't stress the importance of getting things together right NOW. Selling a house the RIGHT way takes time and effort, and you want to sell in the mid-Feb-May window, if at all possible. You'll thank me later!!
I caved in and bought Calendly this year just so people could more easily schedule brainstorming calls with me. Need to chat? Simply pick a time that works for you here.
I can't wait to help you succeed!
