As we celebrate Thanksgiving, our Raleigh market is favoring sellers and should continue to do so for the foreseeable future.
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Today I wanted to give you a quick market update and an idea of what I think is going to happen moving forward. So, what is happening in the Raleigh market?
As it happens, the Raleigh market is on fire. At this point in time, it’s a seller’s market, but it also depends on where you are and what area you’re selling or looking for property in. Many properties in our area are getting as many as four or five offers—even the duplexes, triplexes, and quadruplexes—just because the demand is so high for them and there are so few for sale in this market.
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I believe that the market will continue to be strong for sellers during the next couple of years. I also think the election results will have no profound impact on people buying and selling property. No matter what your political preference is, we’re living in a time where everybody should be able to profit from real estate investment.
It’s a seller’s market, and should continue to be for the next few years.
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The market will shift as there are more and more consumers out there who use the Internet to shop for properties. For all you investors out there, it’s a good time to buy a property. The rental rates are continuing to rise, and I believe that’s going to happen for another three years or so.
If you’re interested in buying or selling a property, please don’t hesitate to give me a call or send me an email. I hope you have a happy Thanksgiving, and I look forward to hearing from you soon!
