Local Market Conditions for Cary, NC

Local Market Conditions for Cary, NC

Learn more about the Cary Real Estate Market 

Sales and prices are on the rise in Cary, NC.  Since this time last year we have seen a steady climb in closed sales prices.  August 2013 was one of the best months to sell your home in Cary in recent times.  If you are considering selling, now is the time to capture the demand and get top dollar.  Interest rates are still low, for now, and buyers are seizing the opportunity!

Here are some graphs for various Cary Zip Codes.

List to Sale Comparison for 27519

What is interesting about this graph is the 8/1/2013 figures.  Notice how close the Listing Price is to the Sales Price and they are both on the rise!  Meaning homes are selling quickly and for a higher price than before. This is also good news for the higher end market since homes over $300,000 have generally had longer Days on Market than homes priced below $200,000.

In the central Cary area, the market is pretty tight, as noted in this chart below.  In August, the list to sales was dead even, showing homes selling almost immediately for close to or over list price.  We have actually seen a lot more multiple offer situations in recently months than we have seen in a long time.  This price range is also the hottest in our local market.

List to Sale Comparison for 27511

List to Sale Comparison for 27513

Prices are on the rise, both list price and sold price.  Homes priced right are likely selling first.  Inventory, both overall and especially in any given neighborhood at any given time, also impacts the sales price.  

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Contact us anytime to discuss how this information impacts you and your real estate goals.  Whether you are buying or selling, the Don Johnson Real Estate Team is ready to help you make sense of the market and get you the best value buying and top dollar selling.

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