Cary NC: Home Market Report May 2012

By
Real Estate Agent with Keller Williams Preferred Realty

Cary, NC Housing Market Report May 2012

 


 

Housing in Cary, NC is Strong! The median sales price increased from $272,206 in May 2011 to $279,700 in May 2012. Inventory is down and DOM - days on the market has increased slightly. We're still seeing multiple offers on homes.

What is very good is the sales price to listing ration is 97.2%. This mean the average home is selling for approximately 97% of the final listing price.

Cary needs to be aware that the median sale price for Apex is only a couple thousand below Cary. Days on the Market for Apex @ 82 days was significantly better than Cary's 101 days on the market.

What does this mean to buyers?: The good news is you're buying in an area that is increasingly stable. While prices have increased, the Cary market is still experiencing low housing pricing making it a great time to buy in Cary, NC. Interest rates are historically low, home prices are low, and demand for investment properties in this area is high. The Cary, NC area is is expected to experience fantastic growth over the next 10 - 20 years. Plus, Cary is beginning to talk about revitalizing their downtown area which would be significant to the Cary community.

What does this mean to sellers?: This is great news for sellers who need to sell. However, it is not the best time to down size or move if you don't absolutely have to. It is a great time to move up to that next home. If you purchased in peak years (2006, 2007, 2008) then it is possible you cannot sell for what you paid. Homes purchased in 2009 - 2011 may also fall into this category. It is still a buyers market so if you're planning to sell you still need to have your home in top marketing condition with repairs made, wallpaper removed, major systems replace if they're over 10 years old, and kitchens & baths updated. 

Cary Home Sellers should also be concerned about their Days on the Market. Generally the longer a home is on the market, the more price reductions they have to take and the less money they get. Cary Home Sellers, need to remember a home needs to be in top condition, staged well, and priced right if you want to get the best price in the least amount of time.

Location is always important and while you can't change that, there are things you can improve.

Check Back Each Month for Market News Report and Home Reviews or Contact Realtor Carla - Your NC Home Specialist!

 


Cary NC Market Trends Report

Cary NC Market Trends Report page 2 May 2015

Posted by

Find Homes for Sale in Raleigh Cary Triangle Area

By Carla Freund

Find Carla Freund and NC Style Homes 

Facebook       Linked In      Twitter      You Tube Heart - Carla Freund Find NC Style Homes on You Tube   NC Carolina Homes on Pinterest Carla Freund Realtor on Google Plus Find NC HomesFind NC Style Homes Find Cary NC Homes Find Raleigh NC Homes Find Homes in Raleigh Cary Apex Holly Springs

View Homes - NC

Contact Carla Freund, Broker, Keller Williams Preferred Realty,  Licensed Realtor® in North Carolina at 919-602-8489 to list your property for sale or to purchase a property in Cary, Raleigh, Morrisville, Apex, Fuquay-Varina, Garner, Holly Springs, Pittsboro, Durham, Chapel Hill, Johnston County, and the surrounding areas.

Now accepting referrals.  **Not meant as a solicitation to individuals already working with a Professional Real Estate Agent.**

Disclaimer: The information provided herein is supplied by several sources and is subject to change without notice. The Raleigh - Cary Home Reviews Blog, Keller Williams and Carla Freund does not guarantee or is any way responsible for its accuracy, and provides said information without warranties of any kind, either expressed or implied. Entries on Raleigh - Cary Home Reviews represent the opinions and ideas of the author(s). Raleigh - Cary Home Reviews Blog does not express the views of Keller Williams, or those of the broker.

Logo for Carla Freund Realty

 

Certified Luxury Home Marketing Specialist Luxury Home Realtor Carla Freund Realtor Cary, NC

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
North Carolina Wake County Cary
Groups:
North Carolina Relocation Info
City & State: Listings and Market Reports
HyperLocal Neighborhood and Community Posts
Market Updates
Local Expert
Tags:
nc homes for sale
morrisville
rtp
home improvements
home staging
listing agents
fuquayvarina
cary jobs
holly springs
cary schools
apex
nc
cary

Spam prevention
Rainmaker
267,337

Carla Freund

Raleigh - Cary Relocation & Luxury Home Specialist
Moving to Raleigh North Carolina Area?
*
*
*
Spam prevention

Additional Information