Kaplan & Co. Monthly Newsletter

Dear Family, Friends, Clients and Neighbors,

Boy are we glad that Punxsutawney Phil did NOT see his shadow… we are ready for Spring! Things are still a bit chilly outside, but as expected, the Triangle Real Estate Market is continuing to heat up. Here's what we have for you in this month's newsletter:

A March Market Update for the Triangle area
TWO exclusive Kaplan & Co. Listings and some other Local Listings we have our eye on
Our round-up of 2024 Home Design Trends
An important note about Home Equity worth considering
A preview of some Client Appreciation we are cooking up
A quick Keeping up with the Kaplans
AND as always, a Client Testimonial to close us out

As always, please let us know any feedback you might have on this newsletter so we can best serve you and provide you with the insights you need!

1) New Listings are up again:

New listings grew again in February to 3,782. This is up 25.8% from February 2023 by more than 700 listings. However, the total number of homes for sale shrank month over month and year over year. We finished the month of February with 5,726 homes for sale across the Triangle. This is about a 2-month supply of homes. We consider a balanced market one with about 4-6 months of supply. This means that while it’s difficult for our buyers to avoid multiple offers, it’s a great time for our sellers to sell with demand outstripping the supply of homes on the market.

2) Average Days on Market has decreased:

The Average Days on Market shrank from last month to 45 days. Caution though as in many neighborhoods homes are selling within the first week or less and often with multiple offers.

3) Average Sales Price is up a bit:

Average Sale Price climbed in February to $458,239. This is almost a $6,000 increase over January and up almost 4.5% from February 2023 when Average Sale Price was $438,491. Limited inventory continues to support rising home values here in the Triangle despite stubbornly high mortgage rates.

4) Mortgage Rates have held steady:

Speaking of mortgage rates, today the average 30-year fixed rate mortgage is priced at approximately 7%, about where it was this time last month.

If you’d like a private tour of any of these listings, or anything you’ve seen online, please don’t hesitate to contact us today!

Upgrade Your Home | 2024 Design Trends

K&Co. Appreciation is coming…

Here's what George H. had to say about working with us:

“I would not dream of selling a house without Jeremy. My brother and I reached out to Jeremy based upon recommendations from several friends, and we could not be happier with the outcome. Following our initial meeting where he answered our questions and responded to our concerns, Jeremy quickly lifted all the worry and apprehension off our shoulders.

He was very upfront about the process and very transparent with constant communication in moving forward. In moving through the sale, Jeremy tackled every issue which included working with the Home Owners Association and several law groups. When all was said and done, there were no surprises, no loose ends, and lots of smiles!”

We love bringing parties together to come to a satisfactory solution.

If you like other people to handle and solve your troubles, contact us today!

Thank you for your support of Kaplan & Co.
Jeremy & Emily

3700 Computer Drive
Raleigh, NC 27609, USA