State of the Local Market: Triangle Spring Housing Market Bustling

The Triangle’s spring housing market is bustling with activity, offering promising opportunities for home sellers to capitalize on. Despite a slight slowdown in inventory, the latest report from Triangle MLS (TMLS) reveals encouraging trends for sellers. With inventory decreasing by 12% year-over-year and under-contract sales dipping by 14.3% over the past 12 months, homes are selling faster than ever, spending an average of just 41 days on the market compared to 49 days previously.

Of particular interest to sellers, the persistent housing shortage in the region is driving up prices and intensifying competition, creating an advantageous environment for sellers. Despite an increase of 5.2% in new listings across the Triangle, demand continues to outpace supply, particularly in sought-after areas like Cary and Apex. Here, listings are attracting multiple offers, resulting in higher selling prices and shorter time on the market.

Buyer interest remains robust, with Cary, Apex, and Morrisville emerging as hotspots for real estate activity. Chapel Hill and Carrboro also exhibit strong buyer demand, signaling widespread interest across the region.

For sellers, these market dynamics present a golden opportunity to fetch higher prices and sell their homes faster than anticipated. By leveraging the expertise of an experienced REALTOR like Carl Johnson Real Estate, sellers can navigate this competitive landscape with confidence. With a comprehensive understanding of local trends, property values, and neighborhood dynamics, Carl Johnson Real Estate offers invaluable guidance to sellers. Having a dedicated REALTOR in your corner can make all the difference. Call 919-880-0904 or CLICK HERE today to tap into Carl Johnson Real Estate's expertise.