It’s time for the September 2024 SW Raleigh Real Estate Market! What”s new on the real estate market in SW Raleigh?
In Morrisville, Cary, and Apex, the real estate market is seeing a slight shift. The months of supply have remained steady at 1.6, though the list-to-sales price ratio dropped to 99.8%. Homes are now staying on the market for an average of 10 days.
In Holly Springs and Fuquay Varina, the months of supply increased slightly to 2.2. The list-to-sales price ratio also rose to 99.7%, while the average days on market climbed to 11 days.
Overall, homes are taking a bit longer to sell in both regions. This offers more negotiating power for buyers and opportunities to explore.
For sellers, it remains a strong market, but homes aren’t moving as quickly as before. Buyers, however, can take advantage of less competition.
Mortgage rates may continue to decrease slightly, making this an ideal time for buyers to enter the market or consider refinancing while opportunities are available.
Watch the full video for expert insights and guidance on the recent Fed rate cuts and what this means for your home buying decision!
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