New listings for the month of June fell from last month. The Triangle had 3,471 new listings in June. The national headlines of growing housing inventory ring true here in the Triangle for the month of June. Total active inventory at month’s end totaled 5,748 properties which is up 2.4% from last month.
2) Average Days on Market has increased slightly:
Average Days on Market rose a bit for those homes that did go under contract, averaging 24 days. However, many homes that are going under contract are still going under contract within the first few days. The median number of days is 10. This shows that while some homes that have been on the market for quite a few days are finally finding their buyer – typically after a price reduction, while others are priced right, in excellent condition, and contracting quickly.
Mortgage rates have come down since last month. A survey of local lenders revealed that we are now seeing rates as low as 6.5% for well-qualified borrowers! This is great news for borrowers! In our opinion, any adjustments that can be made to improve housing affordability is a good one, even if it’s a modest one.
Here's what Bailey & Brandon had to say about working with us:
“We cannot recommend Jeremy enough! His expertise and dedication made our house-buying journey a breeze.
We were new to the Triangle and needed extra guidance and support in our decision making. From understanding the specific needs of our family to negotiating the best deal, Jeremy was with us every step of the way.
His market knowledge of the Raleigh-Durham area and attention to detail were impeccable, saving us time and ensuring we found the perfect home. We are grateful for his professionalism, enthusiasm, and genuine care.”
If you’re searching for a real estate agent who will exceed your every need and provide exceptional support, look no further than Kaplan & Co.
Especially if you are new to the Triangle area, you need a trusted expert by your side. We will bring the expertise & attention to detail to save you time & hassle!
Thank you for your support of Kaplan & Co. Jeremy & Emily
