Raleigh Market Report - May 2023
Larry Zucker Real Estate Blog
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1y ago
All data from Triangle Multiple Listing Service, Inc. When correctly priced and positioned well on the market, homes are selling right around list price – 97.9% of list price - compared to 105.4% last year. Months of inventory (how long it takes to sell all the homes on the market, normally 6 months) has risen 87.5% to 1.5 months compared to 0.8 months last year. Still no crash in sight but the market has become more buyer friendly compared to last year. These stats really add up when you are selling your largest financial asset–and that’s exactly why you deserve a custom strategic marketing p ..read more
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Dual Agency - Real Estate Agent Conflict of Interest
Larry Zucker Real Estate Blog
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1y ago
Does Your Realtor Work for You? Becoming a Client with a Realtor Agency Agreement " for background information prior to reading this post. When a client hires a real estate agent by signing a listing or agency agreement, that client is actually hiring the real estate agent's not just the real estate agent themselves. A common transactional situation is that the buyer and seller each have their own real estate agents who work for different firms and operate in the best interest of their respective client. Things can get more complicated, and a conflict of interest can exist, when the same real ..read more
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Raleigh Market Report - March 2023
Larry Zucker Real Estate Blog
by
1y ago
All data from Triangle Multiple Listing Service, Inc. As we enter spring, the housing market in Raleigh has remained level month-over-month. While well-priced homes continue to sell quickly, the market is continuing to slow compared to last year as average days on market rises by 147.1% to 42 days. This is still relatively low, historically. While the economy is motivating some sellers to sell (increasing inventory) and interest rates push some buyers out (lowering demand), the median sale price rose 2.7% year-over-year to $385,000 level with last month. To capitalize on your investment, you w ..read more
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