Discover the latest real estate trends in Morrisville, Cary, Apex, Holly Springs, and Fuquay-Varina with this insightful real estate market update for the SW Raleigh area! In
April and May 2024, the months of supply varied from 0.9 to 1.7, indicating a stable market. Notably, homes in Morrisville, Cary, and Apex saw 53% sold above list price, highlighting a competitive market.
Meanwhile, Holly Springs and Fuquay-Varina showed a balanced distribution with 42% selling under list price and 28% over. Median days on the market remained low, with Holly Springs and Fuquay-Varina at 6 days in May, suggesting continued demand.
As the market starts to cool, buyers may find advantageous conditions with potential multiple offers, providing room for negotiation.
And watch until the end for a BONUS tip on a mortgage type that potential home buyers might be interested in!
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