Homes around $400k remain hot sellers in Raleigh market

RALEIGH, N.C. (WNCN) — While the weather has cooled off a bit, the housing market in the Triangle remains hot.

We’re living in one of the fastest growing areas in the country, according to home sales records.

Real estate agent Kim Crump said, “(it’s) extremely hot. There’s a lot of buyers out there.”

On average, 62 people move to Wake County every day.

Crump said single-family homes are the most popular.

“Homes under $400,000 are still going to be performing really strongly, because it is a seller’s market. We have an under-supply of homes,” she said.

But, Crump said sales start to lag at homes priced at $750,000 and higher.

As of Sunday, there were more than 400 homes at those prices in Wake County.

“We’re seeing an increased amount of inventory in that price range, and it’s also because of all the new construction coming out of the ground,” Crump told CBS North Carolina.

Some of the new homes are popping up in the 27614 zip code, just north of I-540.  Many of those homes are selling, in part, because there’s a lot to sell, Crump said.

“You have to make sure you have all your ducks in a row before you start looking at homes, because if you don’t you’re going to lose out on a home,” Crump said.

Real estate agents tell CBS North Carolina, even though things start to slow down the second half of the year, interest rates are extremely low, so it’s still a great time to buy.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s