Home Sales Up 22% Over Previous Year – Time to Buy!

The Triangle Multiple Listing Service reports that Triangle home sales have increased over last year at this time by 22%. The Triangle region includes homes sold in Wake, Durham, Orange and Johnston Counties. In August of 2011, TMLS recorded 1978 homes sold and in August of 2012, TMLS recorded 2406 homes sold. During this same time, the average home price has increased by 3% from $226,460 to $234,039.

The Triangle is also showing strong retail gains, as well as, strong economic growth.  Durham was ranked #12 and Raleigh was ranked #32 by American City Journals index report as having one of the strongest economies in the nation.

What does this information mean to you, the buyer? It is a strong indication that the housing market in the Triangle may have bottomed out and home prices may be on the rise.  If you have been waiting for the market to hit bottom, it may have already. If you have been sitting on the fence about making a decision to purchase a home, now may be the time to make your move or you may miss the boat.

If you think you might be ready to begin the home buying process, give us a call at 919-878-1110 for a free, private consultation about how FOR HomeBUYERS, Inc. and Exclusive Buyer Only Representation can guide you around the pitfalls and help avoid costly home buying mistakes. Contact Us.