The real estate market in Raleigh has been incredibly strong over the past few years. But there are rumors swirling around that interest rates will rise, and it will hurt the real estate market. Many also believe that the shortage of homes will continue to increase the price of homes as people continue to move into the area.
With all of these rumors running around, our team at Raleigh Cary Realty wanted to share a few trends we are seeing and expecting for the summer of 2019.
3 real estate trends to plan for in the summer of 2019 are:
- Families Moving: Families are always more likely to move during the summer because it is easier with their kids being out of school. Most families want to be settled by the Fall so their kids are ready for the school year. So, despite many individuals being out of town during the summer, this will help continue the high demand in the real estate market in Raleigh.
- Price Increases: For years now, we have had low inventory in the Raleigh real estate market and high demand for homes. Even though we have seen the market slowing down some this year, this will continue to drive the price of homes up throughout the summer in most of the Raleigh area.
- Increase in Investment Properties: A strong real estate market attracts strong investors. This means that we can anticipate an increase in investment properties across the entire Triangle.
Each community in the Raleigh area will function differently. For example, homes are selling much faster in Cary right now than in Fuquay Varina. Similarly, there are more investors moving into Garner and Clayton right now than into Apex.
If you have questions on a specific area of Raleigh that you are moving to, our team at Raleigh Cary Realty would love to help! Contact our team and get all of your questions answered today.
