Well if you were waiting for the flood gates to open on the local Chapel Hill real estate market, or the Durham Real Estate market- get your paddles and boats! We are swimming in new listings and home sales!

After  a record-breaking 39 month decreased inventory we have finally had in an increase in homes for sale in Durham, and homes for sale in Chapel Hill. While it may be conservative, a 2 % increase in price is nothing to scoff at. Home sellers are finally realizing some equity if they bought in the mid 2000's and can now look at buying a great Chapel Hill  home or a great home in Durham!

 

Inventory is up 5 %from last year at the time and 4 % from April....and with so many more buyers looking now, pending sales increased in May 15%! That's an amazing figure! Home sales increased 24% over April and 4% from May of last year. This makes so much sense when you track the showing figures and trends the way I do for my clients!

We have had the highest # of showings  in May  since 2010! This completely explains why we have been able to bring multiple offers to our sellers on many occasions recently...and experts agree with me that the season has been extended several months later than usually we would have because of the longer & colder winter....and what does that mean to you and me??? Several more great months to buy and sell a home!

 

 

 

 

 

 

What do Masha  and Andfidsen predict for June's stats...With more inventory slowly coming on the market the better priced homes should receive offers from the increased number of buyers looking to make that summer purchase! Check back next week for an update on the Summer Real Estate Market!

 

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Masha Halpern and The Smart Move Team is your ultimate real estate resource for Chapel HillDurhamCarrboro and surrounding areas. Visit my website at www.TheSmartMoveTeam.com 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 Chapel Hil & Durham's EXCLUSIVE  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 visiting www.TheSmartMoveTeam.com.