Raleigh - Cary Home Reviews & Market News!: Have Housing Prices Hit Bottom in Your Area?

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Have Housing Prices Hit Bottom in Your Area?

According to today's business news, Housing has hit bottom in many areas. 

In the Triangle, the majority of the sales we're seeing are in the 1st time homebuyer price range.  Sales really depend on the price range and area where the home is located.  Not all area's or price ranges seem to have hit bottom.  Looking at the closed homes in the last 24 hours, it appears Cary, NC leads the way for closed home considering the size of the town.

Do you think housing prices have it bottom in your area?

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About the Author:  Carla Freund is a North Carolina Realtor® with Fonville Morisey Realty, who specializes in buyer and seller real estate services in the Research Triangle.  This includes but is not limited to residential purchase & sales, short sales, first time home buying, buying & selling of luxury homes, new construction, specialty communities, out of area referrals, and corporate relocation.  She represents clients within the cities of Cary, Apex, Raleigh, Morrisville and the surrounding Triangle areas. She is current with transactions in these areas, and very knowledgeable with the local schools and area services.  

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Comment balloon 2 commentsCarla Freund • August 02 2009 12:54PM

Comments

Carla,

Great Post.  I think in some areas we have see prices hit bottom or they are try to keep prices from going lower.  I think it is too early tell if we have hit bottom, unfortunately.

Thanks for sharing,

Matt Naumann

Posted by Matthew Naumann, Goose Creek, SC Real Estate Agent (Exit Realty Charleston Group) about 9 years ago

Don't think we've hit bottom yet in the Metro Detroit area.  Continuing Auto Industry "down-sizing" is still impacting values.  Many agent have left the business or relocated to other states not hit so hard by the recession.  In Fact, two of our agents just moved to Cary, NC last weekend!!!!!

Posted by Tom Boos, Providing the very best of service to Sellers and (Sine & Monaghan Realtors, Real Living) about 9 years ago

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