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What Do Recent Market Trends Mean for You?

What’s happening in our market right now? Let’s find out.

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Are the doom-and-gloom rumors about our Triangle area real estate market true? Actually, no. With as hot a seller’s market as we were in over the past several months, it was only a matter of time before things started to even out—and that’s exactly what is happening now.

Market activity has slowed, but it hasn’t come to a halt. It is still a good time to buy or sell. That said, interest rates are still on the rise. Those who have been on the fence about purchasing a home will find that now is the time to make their move. Rates are still quite low compared to historical averages, but the longer you wait to start your search, the less leverage you’ll have.

As for sellers, your best chance at listing success lies in partnering with an experienced agent. Today’s sellers can still earn a great deal, but will need to set a competitive price and expect to spend a little more time on the market than what might’ve been the case in the recent past. Even so, competition is still low and demand is still high. With the right strategy, you can still earn top dollar in our current market.

If you have any other questions or would like more information, feel free to give us a call or send us an email. We look forward to hearing from you soon.

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