3rd Quarter Market Update 2022
Monday, November 21, 2022
It should be no surprise that our inventory is beginning to grow again, especially in the upper price ranges. Click here
to view a snapshot of our local housing market. I have expanded our Fuquay-Varina, Harnett County sales price bands so we can get a better idea of what is happening in that area by price. Now that the supply of homes is increasing, our MLS “Coming Soon” status has virtually gone away, MLS changed reporting for Coming Soon homes to begin DOM count just like Active. New construction inventory has increased as the builders are “catching up” and finishing homes, there are lots of big incentives out there to entice a Buyer to purchase. We as a local office are still seeing plenty of buyers, however they are not “ready to buy” buyers, they are being extremely cautious, and patient, while they watch the interest rates and price drops.
FRONT PORCH REALTY
offers the residents of Fuquay-Varina
and Holly Springs a LOCAL professional real estate firm to manage their real estate transactions. We love moving our residents into, and across town, and showing off all our towns have to offer.
We are here to help you, your relatives, co-workers, employees, and neighbors. FRONT PORCH REALTY
is hyper-focused on our local market, if you have not followed us on social media
, please do!