Sellers are Bullish on Durham

Sellers are Bullish on Durham

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bullish on durhamThis month, the average median sales price of a home in Durham is higher than its ever been.* Despite this trend, homes are selling quickly, at top dollar, often with multiple offers. Over the past five years, sales prices have gone up almost 10%. and the forecast is looking like prices will continue to rise. The bottom line…it’s really looking a sellers market.

Sellers beware. But don’t rest on your laurels, sellers. With the higher prices, buyers are expecting to get their money’s worth. They want a home that has repairs done. If they are going to spend more money than they would have last year, they want an updated look. Your price tag may keep them from seeing past clutter, the wrong color paint, or an unkempt yard.

The pendulum swings. Gone are the days when the buyer had the advantage, but there will always be a cycle. If you’re thinking about selling your home, now’s a great time to do it. As the seller, you have the advantage now, but that won’t always be the case.

Whether you’re a buyer or a seller, the Durham housing market is exciting right now! Give me a call today and let’s be bullish about all of the possibilities!