Monday, April 16, 2007

The Triangle is NO Buyers Real Estate Market as Media Implies

National media would lead everyone to believe the entire county is in a real estate slump. Not so here in the Triangle of North Carolina. While nationally many areas were artificially inflating real estate prices, the Triangle experienced a steady healthy growth. Those markets are the ones experiencing difficulty at present.

The Triangle real estate market is continuing its steady growth, as people are relocating to the area in tremendous numbers. Relocating buyers need to be aware that just because this is the South it does not mean you are going to be able to find something for $100,000. The average price in Wake County (Raleigh/Cary) is $250,000 and $300,000 in Orange County (Chapel Hill). By national standards, you still get a lot more house for your money in the Triangle than in most other metropolitan areas.

The Triangle real estate market is still very much a Sellers market. So don’t expect to come here and be able to negotiate $1000’s off the listed price of a home.

2 comments:

real-estate-raleigh said...

So is the time to buy Raleigh Real Estate now? What do you think about this article?
http://www.real-estate-raleigh.org/real-estate-news/raleigh-buyers-market.html

ricardor said...

Hi Ann,

Couldn't agree more!

Chris Roberts
http://www.raleighmortgagepro.com