Forbes Magazine just released a report regarding the #1 Sellers Market in the country today. I know I was a little bit upset that Nightline gave Charlotte top billing in my last post. Thank goodness my market has been redeemed. Well, not really, Nightline did say there are a handful of markets in the US that are doing well - Raleigh being one of them.
So, why is the Raleigh, NC Real Estate market so strong?
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A strong local economy continues to yield high job creation figures and migratory outsiders.
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Raleigh ranks fifth best in sales rate to inventory and eighth best in year-over-year tightening
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After record breaking sales in 2006(20% year over year) sales are still up at the end of May 2007!! Fantastic news!
I'm not surprised. Our community continues to be praised in the media for the right reasons. Come to the Triangle and decide for yourself!!
Hi Susan-
In a sellers market it really changes the dynamics of the "Deal". You have to be prepared to make full price offers or even higher. A lot of clients are not used to this scenario during the current real estate fluctuations in the rest of the country.
Tracy, That's good news. I can understand how out of area buyers will need to be educated on your local market before going out to view homes. No bottom fishing in Raleigh.... Go get 'em.
Ginger