Here is a quick look of our Southern Wake and Harnett counties 2023 Year-end Market Update!

2023 brought us a much slower-paced market with months of inventory just beginning to look slightly balanced. Buyers were priced out of the market with the rising interest rates, and sales prices holding steady. Rents are high, but house payments are even higher. Our end of the Triangle in Southwest Wake and into Harnett County is continuing to experience business and retail growth which will continue to bring buyers to our area. Supply of resale homes will continue to be low as those resale owners that have refinanced in recent years are choosing not to go anywhere.

Front Porch Realty has opened our Property Management division, Front Porch Rentals, for residential and multi-family units. Front Porch Rentals is thriving, please keep us in mind for yourself or those investors you know!

In summary, we saw a decrease in units SOLD across the board except New Construction in Harnett County. Price / square foot increased slightly from 2022 and we saw Average Sales price decrease for New Construction and increase for Re-sale homes.

Let Front Porch Realty be your “go to” for all of your LOCAL real estate needs, rest assured you will be extremely satisfied with our level of professionalism and expertise.

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