As the leaves change colors and the air turns crisp, the real estate market is also experiencing a transformation this October. The world of real estate continues to evolve, shaped by economic shifts, housing trends, and the ongoing impact of a global pandemic. Whether you’re a buyer, seller, or simply someone interested in the dynamic world of real estate, our monthly market update provides valuable insights to help you navigate this ever-changing landscape.
In this edition, we’ll explore the latest trends, challenges, and opportunities in the real estate market. From the resilience of certain housing segments to the impact of technology on the buying and selling process, October’s update offers a comprehensive look at what’s happening in the world of real estate. So, let’s dive in and uncover the key factors influencing this month’s real estate market.
- Months Supply of Inventory decreases in September.
- New Listings in September show a decrease of -14.6% in Wake County.
- With interest rates jumping higher, both supply and demand appear to be decreasing.
- Wake County + the Triangle Region as a whole is showing healthier signs than the national housing market.
- Jobs coming to RDU. Is RTP set to become the new prominent East Coast tech hub?
New listings for the month of September 2023 decreased when compared to September 2022 in Wake County by -14.6%. This is something to keep an eye on with historically low inventory levels. Stay tuned for next months email as we will again analyze and keep you up to date on what to expect.
However, uncertainties still loom, including economic factors and the ongoing influence of global events. It’s crucial for both industry professionals and consumers to stay informed, remain flexible, and approach real estate transactions with a strategic mindset.
As we move further into this October and beyond, staying attuned to market insights and being prepared for various scenarios will be key. The real estate market, like the seasons, is in a constant state of change. By staying informed and making informed decisions, you can confidently navigate the path ahead, whether you’re looking to buy, sell, or invest in the real estate market.
Source: TMLS