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Spring 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Garner. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 919-439-0965
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| Average Home Price | $200,000 - View Graph Trend |
| Average Price Compared to Last Year | Up 0-5% |
| Average Time on Market | More than 120 days |
| Best Selling Price Range | $150,000 - $199,000 |
| Worst Selling Price Range | $300,000 - $349,000 |
| Prices As % of Asking Price | 95-100% |
| Existing Home Prices for the past 90 days are? | Decreasing |
| Market Trend | Increasing |
| Buyers’ or Sellers’ Market | More sellers than buyers |
| Buyer Activity for the past 90 days in Garner is | No Change |
| Seller Activity for the past 90 days in Garner 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 |
| Inventory Comments | Garner is considered less expensive compared to most of Ralieigh, Apex & Cary, NC. There are some good values in this area and especially when comparing price to square foot to some of the other local towns. Garner currently is just over the 6 months time on market which technically makes it more of a buyer’s market than a seller’s market. In the last six months from 9/20/10 318 have closed, 10 are contingent, 58 are pending and there are currently 437 Active homes according to the Triangle MLS. |
| Greatest Activity | First Time Buyers |
| Reason to Buy/Sell | Good economic news |
| Nearest Metro Area | Raleigh |
| Housing Hot Spots | Most cities within the Wake County area are considered ’Housing Hotspots’ |
| Average Sold Price | $200,000 - View Graph Trend |
Garner Local News
Agent quarterly survey shows growing optimism toward a housing market recovery
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
Contact Information
George Wilson
919-439-0965
Request More Information Let me answer your questions!
Ask Me!
Blog Archives
Mortgage Rates
– May 28th, 2012 –
---------------------------------
30 yr. fixed rate: 3.82%---------------------------------
15 yr. fixed rate: 3.11%
30 yr. jumbo rate: 4.38%
15 yr. jumbo rate: 3.61%
Home Values
StreetZip Code
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Request More Information Let me answer your questions! Ask Me!
George Wilson
Raleigh Cary Realty
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 919-439-0965
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