New Listings are down a bit from last month (to 2,905), but up 9.3% from this time last year. Total inventory is up to 7,651 units. We know we haven’t shared this specific data point (total inventory) before but it’s a good key indicator when considering how competitive the market is and how buyers are beginning to get an advantage!
2) Average Days on Market has ticked up a bit:
Average DOM clicked up again to 19, however year-over-year this number is flat, so nothing too earth-shattering to report. Median days on market has also gone up slightly from last month to 5 DOM.
3) Average Sales Price is up:
Average Sales Price climbed again this month to $488,112. With about 2.5 months of supply, the market has showed significant resiliency as people continue to combine households, get out of the rental rat race, or move to the Triangle to take advantage of the great quality of live offered here.
4) Mortgage Rates have gone down (further!):
Mortgage Rates declined again at the end of November – currently rates are around 7.125% which means your money goes further!
Here's what Aly & Brett had to say about working with us:
“To say that Jeremy goes above and beyond for his clients is an understatement. He made the entire process turnkey. Not only did he spend a generous amount of time interviewing us to learn our needs and wants, he did research on various schools for us, gave us in-depth details on homes we looked at, and ultimately helped us (as transplants), find the right location to fit our family needs. And once we found our house, he made the buying experience as stress free as possible - and continues to make sure our home needs are met. Simply said, Jeremy is the best, and we’re lucky to have worked with him. Thank you Jeremy!”
We feel like WE are the lucky ones to be able to do the work we do, and make our clients dreams come true. A K&Co. client is a client for life - won't you join us?
Thank you for your support of Kaplan & Co. Jeremy & Emily
