Winter 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Cary. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 919-491-HOME

Average Home Price $275,000 - View Graph Trend
Average Price Compared to Last Year No Change
Average Time on Market More than 120 days
Best Selling Price Range$250,000 - $299,000
Worst Selling Price Range$500,000 - $549,000
Prices As % of Asking Price 95-100%
Existing Home Prices for the past 90 days are?Increasing
Market Trend Increasing
Buyers’ or Sellers’ Market More buyers than sellers
Buyer Activity for the past 90 days in Cary isIncreasing
Seller Activity for the past 90 days in Cary is?Increasing
Multiple Offers?No
What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?5-10%
Is Financing Available For Qualified Buyers?Yes
Housing Inventory Good supply - Some Prices
Greatest Activity First Time Buyers
Reason to Buy/Sell Lower prices with good selection and competitive interest rates creates a perfect time to buy in Cary! Cary is continually on the Best Places to Live charts with dozens of kudos received every year! The entire Research Triangle Park area (Raleigh/Cary/Durham/Chapel Hill) is a wonderful place to live, play and work! Call me at 919-491-4663 for your relocation kit!
Nearest Metro AreaRaleigh
Housing Hot SpotsMost cities within the Wake County area are considered 'Housing Hotspots'
Average Sold Price $275,000 - View Graph Trend

Cary Local News

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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Mortgage Rates
– Feb 14th, 2012 –
---------------------------------
 30 yr. fixed rate:     3.87%
 15 yr. fixed rate:     3.18%
  30 yr. jumbo rate:  4.69%
  15 yr. jumbo rate:  4.00%

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