Does local real estate market favor the Buyer or Seller right now? Media sound bites usually based on limited data and normally national in scope.
What do you get from the media? Normally they provide a comparison between the current month and the prior month or the current month compared with the same month a year ago. Not good enough. You need more comprehensive information to actively participate in the real estate market. In response to that need, the Raleigh Mortgage Gals present you a full two-year market analysis.
30 = Balanced Market
Over 30 = Seller’s Market
Under 30 = Buyer’s Market
Market divided into four groups:
Black Line: Represents Most Expensive Homes
Orange Line: Represents Upper Middle Segment of Market
Green Line: Represents Lower Middle Segment of Market
Blue Line: Represents Least Expensive Homes
National trends don’t help you very much. The Raleigh Mortgage Gals believe that all markets are local. This chart reflects local trends in Raleigh, NC.