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As for the latest, printed in the News & Observer on Sept. 17, 2911: Triangle Homes Rebound from our best source, Stacy Adfindsen, appriasal and numbers guru. 

"The Triangle housing market continued to show modest signs of improvement in August, with sales increasing 23 percent over the same period a year ago.
It was the second consecutive month that sales have risen by double digits. They increased 10 percent in July.
Some improvement was expected late this summer given that the federal homebuyer tax credits expired in June of last year. That caused an immediate drop-of in activity.
"If our closings were flat, below, or only up a percent or two up from last August that would be a troublesome sign for the market," said Stacey Anfindsen, a Cary appraiser who analyzes Triangle Multiple Listing Services data for area real estate agents.
"I'm very encouraged. When you're coming out of an incentive-based market one of the things you want to see is a market returning back to normal."
There were 1,581 homes sold in Durham, Johnston, Orange and Wake counties in August. Pending sales were up 51 percent and showings declined 1 percent.
Despite the improved numbers, a sizable number of homes continue to languish on the market.
The average days on the market for homes that sold in August was 122 days. That's 18 days more than last August, and 34 days longer than two years ago. 

"If our closings were flat, below, or only up a percent or two up from last August that would be a troublesome sign for the market," said Stacey Anfindsen, a Cary appraiser who analyzes Triangle Multiple Listing Services data for area real estate agents.
"I'm very encouraged. When you're coming out of an incentive-based market one of the things you want to see is a market returning back to normal."
There were 1,581 homes sold in Durham, Johnston, Orange and Wake counties in August. Pending sales were up 51 percent and showings declined 1 percent.
Despite the improved numbers, a sizable number of homes continue to languish on the market.
The average days on the market for homes that sold in August was 122 days. That's 18 days more than last August, and 34 days longer than two years ago. 

Part of the problem continues to be a limited number of people with the financial wherewithal to buy. A growing number of sales now occurring involve all-cash buyers.
In August, 289 of the recorded sales in the Triangle were cash deals, a 35 percent increase over the same period a year ago.
The rising days-on-the-market statistics also reflect the fact that many homes on the market continue to be overpriced, said a local broker in Raleigh.
"If you get your price right, I have had two transactions just in the past two weeks with multiple offers", he said. 

For more information on our market or help in selling your home, please call.  

As for buyers, now is the time! Loans are on sale with great rates, and there is a good amount of inventory on the market. Call me today!
- Cindy Poole 

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