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The Raleigh real estate market has been booming this year! You might have heard inventory is low right now, and I have the data to prove it! What should we expect moving into the summertime market?
In Wake County, new construction listings are 11% down compared to this time last year. In Johnston County, it’s 15% down.
The big squeeze, I’d say, is on resale listings. We are 31% down in Johnson County and 21% in Wake County. We need new listings to sell! I think many people are worried about their equity position and they might not be sure how much they’ll profit in a potential transaction. Honestly, our clients are seeing incredible gains this year.
That’s mostly due to the monthly supply of inventory. Again, it’s extremely low right now. Currently, in Johnston County, there are only three months worth of available inventory. In Wake County, there are only two months worth! That means our local housing market greatly favors sellers.
In Wake County, new construction listings are 11% down compared to this time last year. In Johnston County, it’s 15% down.
The big squeeze, I’d say, is on resale listings. We are 31% down in Johnson County and 21% in Wake County. We need new listings to sell! I think many people are worried about their equity position and they might not be sure how much they’ll profit in a potential transaction. Honestly, our clients are seeing incredible gains this year.
That’s mostly due to the monthly supply of inventory. Again, it’s extremely low right now. Currently, in Johnston County, there are only three months worth of available inventory. In Wake County, there are only two months worth! That means our local housing market greatly favors sellers.
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We need new listings to sell!
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It’s also worthwhile to pay attention to price points. For instance, if your Raleigh home is worth less than $300,000, there is less than three months of supply in that area. In the Garner area, it’s down to two months. In Johnston County, if your home is worth less than $200,000, we absolutely need your home right now! There are only two months worth of inventory there as well.
Additionally, congratulations to Flowers Plantation! So far, they’ve had the largest amount of sales within a specific community in the first quarter. It speaks volumes of what they’re doing in Clayton. We’re proud to represent two different communities out there, including Chatham and South Corner.
Don’t miss out on this incredible opportunity to sell for top dollar! We need more listings. Take advantage of market conditions right now.
As always, if you’re thinking about buying or selling a home in the surrounding area, I’m available by phone or email. I’d be happy to answer any questions you have about real estate!
Additionally, congratulations to Flowers Plantation! So far, they’ve had the largest amount of sales within a specific community in the first quarter. It speaks volumes of what they’re doing in Clayton. We’re proud to represent two different communities out there, including Chatham and South Corner.
Don’t miss out on this incredible opportunity to sell for top dollar! We need more listings. Take advantage of market conditions right now.
As always, if you’re thinking about buying or selling a home in the surrounding area, I’m available by phone or email. I’d be happy to answer any questions you have about real estate!
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