New listings are down markedly, likely due to the holidays, however we anticipate this to pick up in the next few weeks! 1,191 new listings this December has put more pressure on Buyers to find the home that works best for their family. We’re deploying all strategies to match our buyers with the best possible homes both on and off the market as well as within the new construction market (where our clients are finding success in securing some of the best values in the region).
2) Average Days on Market has gone up a bit:
Average days on market increased to 27, and Median DOM up to 9, as many buyers were less focused on home shopping and more on their friends and family over the holidays. However, this week already, we’ve been in 2 multiple offer situations so it’s safe to say that things are picking back up this week.
3) Average Sales Price is down slightly:
Average Sales Price dropped some in December to $455,136, but overall this is relatively steady for the market.
4) Mortgage Rates have continued to go down!
The best news of all is that mortgage rates have slid to below 6.5% and are currently running at about 6.375%. This presents a significant savings for our clients as their overall mortgage costs have been reduced as interest rates have come down from their highs of 2023.
And then of course…we rang in the New Year and celebrated our Kaplan & Co.
birthday buddies, Jeremy & Charlotte, on January 1st!
Here's what Patricia G. had to say about working with us:
“When I was planning to move from Florida to North Carolina, my daughter had given me Jeremy’s phone number. Jeremy‘s expertise enabled me to sell my home in Florida AND purchase a home here that was perfect for me and my son. It was such an anxious time for me, because I had not moved to a different house in over 20 years, but his calm, confident manner was exactly what I needed to get through the process.
After I had lived here in NC for two years, I knew I needed to move to a different area to accommodate our family’s changing needs, so of course I called Jeremy. He not only found us a home in a perfect location, he found a buyer for the first house. Jeremy coordinated things in such a way that I sold and bought homes within an hour without any complications! I would recommend Jeremy Kaplan without hesitation, so when my nephew, new to the area, and a first time home buyer, decided to make that investment, I made sure he had Jeremy’s number.”
We love it when we have the opportunity to help our clients with multiple transactions as well as help our clients’ family members!
It is a testament to just how deep our client relationships are.
Thank you for your support of Kaplan & Co. Jeremy & Emily
