Your Summer Real Estate Update
Opportunities for Buyers in the Greater Triangle Area
As we head into the summer months, it's important to take note of the shifts happening in our real estate market. For years, the Triangle area has been red hot, but now we're seeing some interesting changes.
Buyers, this is your time to shine! There are more choices in the market, and homes are staying available for longer periods. Sellers are also becoming more flexible with pricing, which is fantastic news for those of you on a budget.
However, it's essential to remember that inventory is still lower than it ideally should be. Many sellers are holding onto their properties due to the incredibly low interest rates they were able to lock in a couple years ago.
My takeaway for all you buyers out there is this: Summer could be the perfect time to make your move. With people off on vacations and not fully focused on real estate, there's less competition compared to the busy seasons of spring and fall. It's a great opportunity to snag a deal and find your dream home.
As always, if you have any questions or need assistance navigating this evolving market, feel free to reach out to me. I'm here to help you make the most of the current real estate landscape and help you make the best decision for YOU.
-Gee
Real Estate in the News
State of the Housing Market with Robert Reffkin, Compass Co-Founder & CEO. Here's what you should know:
Supply and demand indicators suggest a modest shift towards a homebuyers market.
Buyers have reached upper bounds of affordability, and puts pressures on sellers to negotiate.
Buyers have more options to choose from, driving future sales forward.
