Having just written Cary Real Estate Market Show Signs of Recovery yesterday I am pleased to announce that Inman agrees with our local market assessment. In fact Inman predicts that the Raleigh-Cary Real Estate Market will outperform all others in 2012! I'm not surprised. In 2006 when the bubble burst analysts predicted we'd be the last market in decline and the first market to recover!
The assessment was based on a number of factors including:
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above-average price appreciation
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a flourishing job market
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a high rate of sales in proportion to population
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a high level of home affordability
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low foreclosure activity(1 1/2% in my area)
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below-average share of distressed sales
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a low vacancy rate
Here's to a great year in real estate in the Raleigh-Cary Real Estate Market in 2012!
Hi Tracy,
That is great news....we are next, hopefully
Dick Beals
Tracy it is always nice to get validation. Here is hoping you will have a fantastic year selling in Cary NC.