Kaplan & Co. Monthly Newsletter

Dear Family, Friends, Clients and Neighbors,

Welcome SUMMERTIME! We hope that your school years are winding down nicely and that you are gearing up for some fun in the sun. Here's what we have for you this month:

A June Market Update for the Triangle area
Three exclusive Kaplan & Co. Listings and some other Local Listings
we have our eye on
Some Home Design Tips on How to Create a Light, Airy & Summer-Inspired Space
A full recap of SUMMER Triangle Happenings
An reminder about Clouds Brewing Summertime Beer Fest this Sat 6/8
A quick Keeping up with the Kaplans
AND as always, a Client Testimonial to close us out

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 continue to grow, although it seems as we may be approaching the seasonal peak. This month the Triangle added 4,788 new listings. For perspective, in the COVID era, our seasonal peak of new listings has typically come in June or July. Pre-COVID, the greatest number of new listings typically arrived in May and would often top out above 5,500 new listings. Any growth in new listings is good for those looking for a new home, but we still have a ways to go to get back to a more normal level of inventory.

2) Average Days on Market has decreased:

Average days on market, across all price points has continued to decline. This past month, the average days on market was 15!

3) Average Sales Price is up:

As regular readers of our newsletter probably know by now, when inventory is limited and days on market are low, prices rise. The Average Sales Price jumped this past month to $505,434. Of course, we know that home affordability is at all time lows, but we are confident that an investment today will pay dividends in the long term. Founder of Keeping Current Matters said this week that “The average priced home in this country, if purchased today, stands to grow in equity by about $83,000 in the next five years.” With the Triangle historically performing above the national average, where else can you achieve that type of return on investment?

4) Mortgage Rates have remained flat:

At the end of May rates remained relatively flat around 7.25% for a 30-year fixed rate loan. It remains to be seen whether we get the cuts we were predicting earlier this year, but we are optimistic that even a continued stabilization of interest rates will help our clients get into their first or their next dream home.

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!

Home Design Tips:

How to Create a Light, Airy & Summer-Inspired Space

Watch the video recap of THE CARNIVAL!

Here's what Mike S. had to say about working with us:

"I cannot recommend Jeremy highly enough for his incredible dedication and expertise in the real estate market!

From our first meeting to the final closing, Jeremy went above and beyond in every aspect of selling my home. A perfect example of this was when I wasn't able to get to the property because of work, Jeremy went over and helped clean the shed and weed the garden to make it more presentable.

Kaplan & Co.'s strategic marketing, attention to detail, and proactive communication made what could have been a stressful process, smooth and successful. My home sold with multiple offers above asking price when other units in the townhome community were sitting on the market due to improper pricing and poor marketing.

I would happily serve as a reference for anyone who is interested in working with Kaplan & Co!"

Put your trust in us, and we will use our expertise to help you reach your real estate goals. Whether that's expert pricing & marketing of your listing or competitive offers for our buyers. We will put in the hard work to make your dreams a reality!

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

3700 Computer Drive
Raleigh, NC 27609, USA