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Happy February

 Market Update: February 6th, 2023

  • Over the last 4 weeks the supply of houses on the market in the Triad has been trending down.  The first week of January there were around 2500 listings, this past week, 2300ish.
  • However, in contrast, the number of houses going under contract for that time went from 196 to 279.

SO, what does that mean??

  • It means that supply is low and demand is spiking, still making it a sellers market for those wanting to sell.  Interest rates have settled from where they were in late fall from about 7% to hovering around the 6% mark as of today, enticing more buyers to get out and play.

Houses are getting the most showings they've had since SEPTEMBER!

The hottest price point is currently $200,000-250,000, followed by $150,000-$200,000.

Move in ready homes, priced correctly, are getting multiple offers agin.



Properties to consider....

For an Investment: Click Me

910 Norman St, Reidsville ($75,000)

Listing Courtesy Of: Butterfly Realty, James McInnis, Jr. 

Tenant already in place that would stay if you wanted. 

Rental Rates in the area: $750-$950 (depending on condition)


For the family:  Click Me

309 Wilson St, Eden ($329,000)

Listing Courtesy Of: Century 21 Total Real Estate Solutions, Llc, Ray Graves, Jr.

Beautiful with tons of space and storage.


How can I help you??

-Caroline

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