Are you ready to build your dream home, but concerned about putting your current home on the market? Don’t be. The housing market made an incredible comeback in 2020 and is positioned to be even stronger for sellers in 2021.
Over the previous 10 months, the COVID-19 pandemic has significantly affected the residential real estate market. It has changed where and how we live, which has definitely benefited some markets – including the greater Raleigh area. For most families, homes have become an office, school, gym and restaurant!
Nationwide there are only 1.28 million available homes, down 22% from last year, according to the National Association of Realtors so when homes come on the market they are selling at a record pace. The housing supply, however, is not recovering at the same pace, making it the perfect time to sell your home!
According to the market summary on Realtor.com, the days on market for sold homes in Raleigh, North Carolina is down to just 51 days. Housing in the Triangle is in high demand.
With the combination of an all-time low inventory of homes available at just .9 months supply in the Triangle, and mortgage interest rates continuing to hover at historic all-time lows, allowing more prospective homeowners to afford larger mortgages, now is the time to consider building your dream home.
If you have been thinking about building and are currently a homeowner all the data says the time to sell is now! Check out the current floor plans available in Cedar Ridge and our homes that are currently available.