Dear Family, Friends, Clients and Neighbors,

   1) New Listings have gone up:

January provided a much-needed bump in new listings as we begin 2025. 

 

3,929 new listings came to the Triangle market in January. This jump in inventory has certainly inspired us here at Kaplan & Co to encourage Buyers and Sellers to get off the sidelines early this year as it seems as though people are ready to start this Spring season earlier than expected. 

 

While many of the conversations that we’ve been having are with clients that need to move for a reason – needing more space, relocating for employments, downsizing, etc. it also seems to be true that some folks are just tired of waiting for any changes and are recognizing the great opportunities that are presenting themselves right now.

   2) Average Days on Market has increased slightly:

Average Days on Market rose just a bit in January to 32 days however, the median days on market is still hovering around 10 as it was for the entire second half of 2024. This is indicative of the favorable market conditions for homes that are priced-right, in good condition, and in desirable locations. 

   3) Median Sales Price has decreased slightly:

   4) Mortgage Rates are up but steady:

According to Mortgage News Daily, as of the publishing of this newsletter, 30-year fixed rate loans are at just about 7%. 

 

Thankfully – this has been about the same since the middle of January. This stability is what the housing market needs! No matter what the rate, predictability is always favored over volatility. While buyer’s credit score, loan amount and home location can all play a role in the rate you are paying we hope that this helps give you a better understanding of what rates look like as you begin to think about your next home purchase. 

 

As always, please reach out to us if you have any questions or would like us to help connect you to one of our wonderful lending partners. 

The good news is… all of our K&Co. listings are now under contract!

If you haven't spent time in the beautiful Fenton area of Cary, you are most certainly missing out! There are so many wonderful stores (think Arhaus, Nike, Williams & Sonoma, Pottery Barn, etc.) as well as some "can't miss" restaurants. Look below for two of our favorites and be sure to follow along on Instagram as we check out the new Crawford Brothers this week!

 

“Working with Jeremy was truly a boutique experience. We connected with Jeremy when moving to NC from out of state, and he took the time to educate my husband and me on the housing market, review our options and learn about our needs. Once we arrived and were ready to start our search, Jeremy was always available.

He is flawless with communication - replying to all texts, emails and calls beyond promptly. He was a lot of fun to tour homes with - very easy-going and pleasant personality, and by the time we purchased a home Jeremy became what feels like a friend.

I think everyone who works with him walks away with the same relationship, expertise, and assistance.” 

Clear, prompt communication, expertise PLUS fun? 

That’s the experience we provide to every client we work with.