The first Memorial Day was celebrated on May 30th 1868 as a request of General John A. Logan. It is only fitting that we take some special time to honor all those that have and are serving to defend the freedoms we enjoy and a moment of silence to honor those that made the ultimate sacrifice on our behalf.
Too all our Veterans THANK YOU FOR YOUR SERVICE.
We work with ALL service members and first responders.
Thank you again.
Source: TLMS
New Home Search Request:
There is a reason Allen Tate is number one Real Estate company, Listings and Sales
The Raleigh / Durham / Triangle area home sales are UP.
Triangle
MLS Sales up 20.4%
Allen Tate Sales up 30.1%
MLS Closings up 4.6%
Allen Tate Closings up 36.6%
need Help finding the Right Realtor to help with listing or buying a home?
May 28, 2012
Show Our Troops Some Love! We are sending much-needed items to a USO Center in Shindand Afghanistan. How to Help….
•Drop off donations by June 8 at RRAR or one of the other locations listed below. Items should be sample sized and snack items should be individually wrapped. List of Items Needed below.
•Be a collection point – contact Margaret Cohen
•The cost to ship a carton of supplies is about $25. If you would like to make a donation to help cover shipping costs, send a check payable to “REALTOR Foundation of the Triangle” to RRAR at the address below. Please write “USO Drive” in the memo line.
ITEMS NEEDED (travel sized items requested):
Shaving Cream
Shaving Razors
Individually Packaged Toothbrushes
Toothpaste
Hand Sanitizer
Lip Balm
Sun block
Wet Wipes
Bath Soap
Shampoo
Foot Powder
Prepackaged Snacks (Granola Bars, Nuts, Raisins, Hard Candy, Freeze Pops)
Powdered Drink Mix
Packets
Feminine Products
DROP OFF LOCATIONS (check back frequently, more locations to be added):
RRAR
111 Realtors Way
Cary, NC 27513
RE/MAX Preferred Associates
5909 Falls of Neuse Road
Raleigh, NC 27609
RE/MAX Preferred Associates
7101 Creedmoor Road
Raleigh, NC 27613
RE/MAX Preferred Associates
1520 Glenwood Ave.
Raleigh, NC 27608
Coldwell Banker Advantage
6020 Creedmoor Road
Raleigh, NC 27612
Source: “REALTOR Foundation of the Triangle”
Home sales in the Triangle have increased from this time last year and the average selling price is up as well.
We are seeing more and more of a turn to a Sellers market.
WRAL News – Home Sales UP
Real Estate Continues Positive Trends
April 2012
Raleigh, NC: The Triangle Multiple Listing Service (TMLS) reports the following information pertaining to the housing industry in the greater Triangle region during April of 2012. The data shown reflects information on properties located in the 16 counties of the greater Triangle Region. The percentage changes are comparisons with the prior year’s month unless otherwise noted.
TMLS President, Ray Larcher said, “Closed sales continued a ten-month positive trend through April. Sales in April were up 4.6 percent over April of 2011 and the ten months prior (July 2011 through April 2012) showed an 11.5 percent increase over the same time period last year. The three leading counties with closed sales for April were Chatham County with sales up 18.2 percent (52 units sold), Durham County with sales up 13.5 percent (278 units sold) over last April and Wake County sales were up 11.5 percent (1069 units sold) for the same time period. Several local municipalities/areas with the largest increases over last April were Durham South up 30.5 percent; Durham East up 22.6 percent; and Cary/Apex/Morrisville up 21.0 percent. In addition, the pending sales (homes under contract, but not yet closed) also exceeded last April by 20.4 percent, another positive trend that continued for the past twelve months.”
Inventory levels of homes for sale shrank 27.3 percent in April to 14,111 units from 2011 and new listings in the Triangle region increased 1.3 percent. For the second month housing prices enjoyed a boost and increased in April with Median Sales Price up 3.9 percent to $190,000 and Average Sales Prices up 1.7percent to $223,658 over last April. The Days on Market were down 2.1 percent to 125 days over last April which showed the first decrease in the past 12 months. Absorption rates improved as the Month’s supply of Inventory was down 29.0 percent to 8.3 months.
The Housing Affordability Index was 6.6 percent higher than last April at 193. . This index measures housing affordability for the region. An index of 120 means the median household income was 120 percent of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.
“When measuring residential real estate activity we have to compare it to the overall economy and job growth. The first quarter GDP was up 2.2 percent, which is not great and slower than the fourth quarter of 2011, but expanding. Expedited bank processing and easing lending standards are also encouraging development,” Larcher concluded.
Sales in the Triangle region were up 4.6 percent to 1,900. New listings increased 1.3 percent to 3,774. Pending Sales were up 20.4 percent to 2,272. Inventory levels shrank 27.3 percent to 14,111 units.
Prices enjoyed a boost. The Median Sales Price increased 3.9 percent to $190,000. Days on Market was down 2.1 percent to 125 days. The supply-demand balance stabilized as Months Supply of Inventory was down 29.0 percent to 8.3 months.
Source: triangle MLS
