The current market in the Raleigh-Cary area is moving FAST!

Sellers’ Market Alert!  Real Estate Factoid!
Since yesterday morning, as of now, 55 Wake County homes have been put on “Contingent” status in the Triangle MLS.

For those 55 listings, the median average Days On Market, “DOM,” is 30.

And that is happening with multiple offers, difficulty getting showing appointments, and barely ready listings.

And, this is mid-April.  We are just ramping up!

Thus defines a “Sellers’ Market,” and a “Frustrated Buyers’ Market.”

 

Get Pre-approved to have a chance in the Cary Real Estate Market.

Craziness reigns in Cary real estate.
But, buyers, if you think you are going to score a new home in a great Cary neighborhood this spring, you are going to have to have a plan.

MLS home listing inventory has shrunk, while demand has boomed. Desirable homes, and even homes of questionable value, are popping off the market.

“He who hesitates is lost,” is the fact of life for Cary home buyers right now.
But, “Haste makes Waste” also comes to mind.

So, buyers need to be methodical, and deliberate. And efficient.
Get funding lined up. Proof of funds for a cash buyer. Solid pre-approval letter from a respected lender for borrowers.
Listen to your Realtor. Get those out of the way.
They are necessary groundwork. Once they are procured, you are in a position to make a quick offer when a home clicks.
And, quickness in deliberation is required!