Home Real Estate Triangle real estate market report shows inventory down, prices up

Triangle real estate market report shows inventory down, prices up

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RALEIGH, N.C. (WTVD) — The new Triangle MLS market update shows end-of-month inventory in November was down 42 percent compared to the same time last year.

“The biggest thing was inventory,” said market analyst and appraiser Stacey Anfindsen, who wrote the report. “We had a strong number of houses listed in November compared to prior Novembers. We have to have that. But the flip side of that is demand is still stronger than it was this time last year. And so that’s where the inventory undersupply continues to be exacerbated.”

You might think real estate agents are lining their pockets with so much demand for housing. That’s not necessarily the case.

“There’s nothing to sell, and it’s interesting because people think that the real estate market has blown up and agents are just raking in the sales and doing fabulous, but the reality is a lot of Realtors have struggled because there’s nothing to sell, and there are so many people competing for every sale,”…

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