Hope you had a great 4th of July!
The market is showing signs of a recovery this year with lower inventory of homes for sale, low interest rates, positive media reports plus an election year. All of this is in our favor for selling now so great condition and the right price to compel a buyer to take action is imperative.
This past week I received a national report that shows number that agree the US housing market is improving. Thought you may especially enjoy the chart at the very bottom of the article. So scroll down. It is a look back in time of appreciation rates in America.
To add to this report I analyzed our local Triangle market to see how many homes we have for sale today (about 13,000) and what has closed in the past 30 days. My research compared 2012 to 2011 and 2012 to 2006.
- It is true sales are up 22% this year over last year but, remember last year was worse than 2008.
- The 2012 to 2006 sales analysis shows we are still 45% lower than 2006.
We have positive momentum but, we are not out of the woods yet. I still believe if the media stays positive we will be out of this dark hole by 2014 and see sustained growth.
If after the election the media changes their reports to give attention to the number of foreclosures being released from shadow inventory the rough ride could be longer.
Time will tell all but, for now it is the best time in the past 4 years for selling a house.
If you would like to schedule a private, confidential consultation and explore the options available to you right now please call 919-235-0007 or visit our Raleigh Area Real Estate Website.
Have a great rest of your week,
