Its worth repeating that old adage: "SLOW & STEADY WINS THE RACE" and the same is true for Chapel Hill Home Sales, Durham Home Sales, and Raleigh area home sales. 

The month of April saw  inventory is returning to normal patterns with more area home owners placing their homes on the market for sale. In fact, inventory was up 3 % from last month. 

 

As a result buyers are finding it much better and are putting offers on homes! So much so that pending sales rose 12% from last month!

 

We are attributing this larger jump as a reaction to the snowy wet weather we had so much of in January, February and March! Mild as it is compared to the NE and Mid West areas of the US, it really hits harder for home owners in the Triangle area of good old NC!

More good news is closings increased and continue to do so each month.

With more inventory coming on the market those numbers should continue to rise too. Speaking of rising, sale prices also rose 3% from last month.

Good to hear in what has been a relatively flat area of news for home owners. Some of this has been due to recent limited inventory and multiple offer situations where buyers, like many of my own clients, have had to compete with other buyers for homes available for sale.

Recently many home owners Ive been speaking with for months have called and said "Im ready to sell my house" and we have been very busy preparing to offer many new homes for sale to waiting buyers! If you are a waiting buyer, call or email me. We have some great new homes for sale!

 

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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.