As the temperature heats up this summer, the real estate market is heating up, too. Although we do see some variation statewide, there are general trends in our major metropolitan areas that show indicators of the strength of the market. Closed sales data throughout the Triangle region shows the number of closed sales is up 6 percent since April 2015 and 12 percent since March. The Charlotte market is not far behind, stacking up a 3.7 percent increase in closed sales since April 2015 and a 3.1 percent increase since March. Although some of the positive indicators can be attributed to seasonal market swings, all signs point to a very healthy seller’s market here in North Carolina.So what does this mean for you? Well, if you’re thinking about putting your home on the market now is the time! The market isn’t just hot, it is continuing to heat up as we enter summer. The average days on market is a good indicator of the health of a seller’s market, and in the last month alone the average time on market decreased by 10 days in the Triangle market and seven days in the Charlotte market. That brings the total average days on market to 42 days in Triangle and 61 days in Charlotte, which is extremely healthy!Alyssa is the director of the Go School of Real Estate located in Cary, NC. With locations in Cary, Raleigh, and Durham – the Go School offers a full schedule of pre-licensing, post-licensing and continuing education as well as cutting-edge real estate training. For more information, visit us at www.goschool.biz.
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