The big housing news here in the Triangle is that home sales were up 19% in June, according to the most recent data out from the Triangle Multiple Listing Service, while inventory is down 27% overall. These are fantastic numbers, particularly if you're in the process of selling your existing home in order to purchase a new one in Briar Chapel. Otherwise, if you're on the fence about when to list your home for sale, this means NOW is the time to do it.
As if the sales numbers weren't enough, interest rates also dropped again to a ridiculously low rate. A 30-year fixed-rate mortgage is hovering around 3.25-3.5% and a 15-year is at 2.75%!!! Money is on sale and virtually free right now, which means buying power has never been stronger.
For those of you who are interested in seeing the market data for June, here is the TMLS report.
