The Triangle Market seems to be Stabilizing
It’s a new year and the reports for November are in. I mentioned in my last newsletter that my Chapel Hill Coldwell Banker office had the most sales ever for any November. That should translate to a good amount of closings in the new year.
I really like the TMLS monthly update videos with appraiser Stacey Anfindsen and Rachael Weist with the Triangle MLS. This month Stacy reports that the market seems to be stabilizing and tells which indicators to keep an eye on in Jan. to see if we are on the right path to a better market. What I think is interesting is that typically listings are up in Jan. from Dec. about 2% or so but showings are up 40-50%. We won’t know until the end of the month if this will be the case this Jan. but it tells me that if you are planning to list your house this spring I would go ahead and get it on the market ASAP to take advantage of the buyers who are looking now before the competition gets on the market. There are relocation buyers who start looking in January and they are especially good because they have to move and are very serious.
Here are some actual statistics for the month of November:
Entire Triangle MLS Monthly Indicators- November
Entire Triangle MLS Market Statistics-November
Towns of Chapel Hill and Carrboro Market Statistics
Orange County Market Statistics for November
Hillsborough Market Statistics for November
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