Spring Forward: The Real Estate Market Scoop
With the Raleigh housing market heating up alongside the spring temperatures, now is the perfect time to make your move in real estate. As an experienced REALTOR® in Raleigh, I’m here to spill the beans on all the latest happenings in our vibrant real estate scene.
On the Horizon
National Trends
According to data from REALTOR.com, the spring real estate market is seeing a surge in inventory, offering buyers more options and potentially more affordable homes. Chief Economist Danielle Hale notes, “The best news for buyers this spring is more—and cheaper—homes are going up for sale.” With nearly 15 percent more homes on the market compared to last year, buyers are finding increased opportunities to find their dream homes.
Local Trends
Turning our focus to Raleigh, Rocket Homes reports that the city’s real estate market saw a three percent increase in homes for sale in February 2024 compared to January 2024. Despite ongoing demand, Raleigh remains a seller’s market, with homes spending even less time on the market. However, there’s promising news for buyers as well, with a growing percentage of homes selling under the asking price, offering more affordable options in the market.
Here are the biggest takeaways for the spring in Raleigh:
- Increased inventory
- Negotiation opportunities for buyers
- Increased opportunity for buyers to find homes within their budget
The Power of Prediction
Don’t underestimate the power of staying informed! By keeping an eye on both local and national trends, you’ll be armed with the knowledge needed to make savvy real estate decisions. Plus, with over 15 years of experience in the Raleigh real estate market, I have the knowledge and insights to keep you ahead of the curve. Whether you’re looking to buy or sell, I would be happy to provide the expertise and guidance you need to achieve your real estate goals.
Give me a call today and let’s make this spring a season of success. You can reach me at 919-438-0548 or by emailing Ryan@HudsonResidential.com.