July 2024 SW RALEIGH Real Estate Market UPDATE
What's the latest on the SW Raleigh real estate market? We dig into the stats to learn about the latest trends on the Morrisville, Cary and Apex area, together with the Holly Springs and Fuquay Varina area.
This month, the market shows signs of slowing, with 1.5 months of supply available, up from 1.2 in May. Despite a slight decline in homes selling over list price, the market remains competitive.
In Holly Springs and Fuquay Varina, the supply is also increasing, indicating a shift. Median days on market reflect this change, with properties selling faster.
Comparing July 2023 to July 2024, there's a notable increase in supply, hinting at a potential shift towards a buyer's market. Buyers can now take more time to decide and negotiate, while sellers should prepare meticulously before listing.
Finally, discover the impact of the delay in Apple's RTP campus plans on the local real estate market. Despite delays, relocation continues, promising a dynamic future for the region.
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Thanks for watching!
0:00 Intro
1:27 Median Prices June 2024
1:53 3 Most Important Stats
2:12 Months of Supply (Morrisville-Cary-Apex)
2:30 List-to-Sales Price (Morrisville-Cary-Apex)
3:16 Median Days on Market (Morrisville-Cary-Apex)
3:24 Months of Supply (Holly Springs-Fuquay Varina)
3:34 List-to-Sales Price (Holly Springs-Fuquay Varina)
4:11 Days on Market (Holly Springs-Fuquay Varina)
4:40 Seasonal Slowdown or Shifting Market?
6:11 What Does This Mean for Buyers?
6:56 Update on Apple Campus in NC
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