Homes are still selling quickly and North Carolina! Our local newspapers are reporting it and I am excited to also share this news with you.

October growth in the "Triangle", as reported by CoreLogic ,was still conservative compared to the national growth of 12.2 percent; but with Raleigh and the rest of Wake County showing an increase of 6.4 percent compared to the same time last year; and the Durham and Chapel Hill areas showing a 6.1 percent increase from October 2012- it's all good news!

Continuing the 2013 trend, Raleigh and Cary home prices rose 5.2% in the third quarter compared to the comparable  2012 time period. Durham  & Chapel Hill areas increased 2.3 % over last year's third quarter findings. Since each neighborhood delivers its own particular appreciation, the old adage " Location, Location, Location" is still one of THE determining factors on what your home's value may truly be. If you would find a personal conversation about potential real estate business useful, it would be my pleasure to speak with you.

Our Triangle MLS also provides supporting information in the video below  regarding area of inventory and resale transactions that is particularly interesting to see continue in the third quarter.

 

With October closed ( or SOLD ) properties up 18 % from October 2012 and our average Day On  Market continuing to decline ( now 67 down from 114 ), and new inventory ( homes coming on the market now ) UP 10 %; I can happily say the market here is booming!

Many of our home sellers are seeing multiple offers- in fact a reported 10-12% increase, and, in our busy times of the year, noting a much shorter D.O.M of 1-30 days.  With inventory low asking prices have increased. It really is "the law of supply and demand". One final note, As we close out the third quarter and look to  the end of the year; we expect to see  financial concessions by home owners slow to a stop as activity and demand make this less necessary to find a buyer to buy a home in Durham or buy a home in Chapel Hill.


Masha Halpern and The Smart Move Team is your ultimate real estate resource forChapel HillDurhamCarrboro and surrounding areas. Visit my website for detailed information regarding today’s real estate markets.

Masha is a certified member of The Luxury Home Marketing Institute, participates in its annual Leaders in Luxury Conference, and works with The Institute’s thousands of members worldwide to share information about current listings.

Masha is also a certified member of Keller Williams Luxury International and is also a member of Cyber Stars International – Top Realtors Using Technology – a group dedicated to taking the best and latest technological advances and applying them to real estate advertising and marketing for her clients in all price pointsMasha Halpern can be contacted for a private consultation by calling 919-414-0337 or by visitingwww.TheSmartMoveTeam.com.