First Quarter Triangle Area Market Trends

The first quarter of the year has come to a close, and things are staying busy in the Triangle Real Estate Market. Overall, numbers are showing good signs for sellers.

According to to the Triangle MLS market report, showings are up seven percent for the first quarter compared to 2014, up six percent for March in the last year, and up 43 percent for March from February this year. The inventory is down by 16 percent, and pending sales for the quarter have increased 39 percent compared to last year. Closings, compared to the first quarter last year, are up 11 percent as well.

The home inventory in Cary is at a lower supply than the rest of the Triangle region, meaning that it is a hot spot for buyers. Homes in the area are ready to sell – and potential sellers can take advantage of the hot market if a move has been in the works.

Potential buyers should also take note of the trends in the area. Now is the time to act if you are looking to make a home purchase in the area. Favorable towns like Apex and Holly Springs can offer small town amenities with access to larger cities like Raleigh and Durham, making them ideal places to relocate, start a family, or settle down at any stage in life.

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