Real Estate Market Update For January 2016 From Stacey Andfinsen & the Triangle MLS

In the Raleigh, Durham, Chapel Hill area, the market is starving for inventory. Oveall, in January, showings were flat which was largely due to weather.

Inventory is down 25% and demand is up. This is an excellent time for homeowners to get their homes on the market if you want to sell.

One very interesting point in this video, 60% of homes that have come on the market have had to make price reductions. In other words, only 40% of the homes on the market have been priced right. We know that sellers who have to make price reductions have their houses sit on the market longer and ultimately they get less for their homes.

Pricing homes is an art form not a science. At Real Estate Experts, we are pricing specialists. We are happy to price your home and help you position your home for sale.

The other important news is that prices are trending up. This is good for sellers. Buyers that have been sitting on the fence may want to get moving.

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