Cary's housing market is still a step ahead the rest of the triangle with only 2.8 months of inventory (a seller's market). Closed sales are up 30% from last year, which is a huge increase. The list price to sale price ratio is up 2% to 97.3%, as more multiple offer situations occur and buyers are able to negotiate less.

This coming spring will be extremely busy, as strong buyer demand meets a low supply of homes for sale in Cary. If you are a buyer looking to purchase during the spring market, be ready to act fast. Though there will be more homes coming on the market in the spring than in the slow winter season, the best homes will still go into multiple offers and sell within the first few days on market.

Cary Housing Market November 2013