In spite of a steady stream of negative national real estate news, our local residential market held its own during 2007. The following are positive statements about what happened during the year.
- 2007 was the third best market in Triangle MLS history based on closed sales.
- 2007 was the third best market in Wake County History based upon closed sales.
- Area house appreciation rates are above the national average.
- Average closed prices are increasing.
- Job growth is still positive in the Triangle.
- Interest rates are near historic lows.
- North Carolina was again one of the top inbound destinations based upon the United Van Lines annual moving survey.
So despite national trends now is till a great time to buy and sell real estate in the Triangle!
Information courtesy of Stacy P. Anfindsen of the Triangle Business Journal.