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51 Kilmayne Dr, Suite 100, Cary, NC 27511
919.469.6543
Homes@LindaTrevor.com
LindaTrevor.com |
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March Dates to Remember
8th: International Women's Day
14th: Daylight Savings begins
17th: St. Patrick's Day
27th: Passover begins
28th: Palm Sunday |
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Welcome to March 2021
The Triangle Market Update!
Hello Friends,
The most recent stats from the Triangle MLS show a large drop in inventory compared to last year.
With buyers active in the market and seller participation lagging, homes are selling
quickly and the total number available for sale at any point in time continues to drop lower.
In January as a whole, the number of "for sale homes" dropped 60%!
JANUARY 2020 vs JANUARY 2021
INVENTORY OF HOMES FOR SALE: -60.0%
CLOSED SALES: +15.1%
MEDIAN SALE PRICE: +7.4%
Does this mean houses aren’t being put on the market for sale?
Not exactly. While there are fewer existing homes being listed right now, many homes are simply selling faster
than they’re being counted as current inventory. The market is that competitive! It’s like when everyone was trying
to find certain products to buy last spring and it was flying off the shelves faster than it could be stocked in the stores.
That’s what’s happening in the housing market: homes are being listed for sale, but not at a rate that can keep up with
heavy demand from competitive buyers. Bottom Line... Today’s housing market is a big win for sellers, but these conditions
won’t last forever. If you’re in a position to sell your house now, you may not want to wait for your neighbors to do the same.
If you have questions or need guidance, we are here and ready to assist you with all of your real estate needs.
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Quick Tip: Need help finding trusted business partners?
If you are looking for Carpet Cleaners, Pest Control, House Cleaning, Accounting Services (and more), take a look
at our TRUSTED BUSINESS PARTNERS LIST! We value their work ethic and have recommended
their services to our clients for many years.
CLICK HERE
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RALEIGH-CARY RANK 5TH
The Index measures economic vitality using job creation, wage growth, and innovation industry metrics.
The 2021 version of the Index emphasizes jobs, wages, and high-tech growth, housing affordability, and household broadband access.
See Full Article
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We hope you are staying safe and healthy in 2021.
Thank You and God Bless, Linda Trevor & Co.
Thinking of selling in 2021? We would be happy to assist - give us a call today to get started!
919.469.6543
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SUPPORT LOCAL RESTAURANTS / COFFEE SHOPS:
ESTEAMED COFFEE IS OUR RESTAURANT (COFFEE SHOP) OF THE MONTH!
Esteamed Coffee is a nonprofit coffee shop and cafe in beautiful downtown Cary.
Mission: create meaningful employment for people with intellectual/developmental, communication and visual differing abilities.
www.esteamedcoffee.com
LOCATION
114 S. Academy Street, Cary, NC 27511
Store Hours
Monday - Saturday
7:30 a.m. to 3:00 p.m.
Closed on Sundays
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| Compass Luxury Collection |
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51 Kilmayne Dr, Suite 100, Cary, NC 27511
919.469.6543
Homes@LindaTrevor.com
LindaTrevor.com
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