Getting Smart About Real Estate – Why You Need a Buyers Agent for New Home Construction

Thinking About New Home Construction?

Anyone that has driven around the Raleigh-Durham area has seen a large number of new home construction projects.  They are everywhere!

If you are thinking about buying a new home, new home construction is a great way to go.  You can select your options, be the first to live in a home, enjoy the “new home smell”.  It all seems so easy.  You meet with a nice salesperson, you pick your lot, you pick your colors and your elevation and you are on your way!

But hold on…!!!  New home construction is not that easy! 

There are lots of things that can go wrong!  Here at Log Pond Realty, we have worked with many buyers looking at new home construction and we know that things can go sideways fast.

In this segment of Getting Smart About Real Estate, we will highlight some of the reasons why you need a buyers agent for new construction!

About Log Pond Realty @ RE/MAX United

Home is where your story begins. A home is where hopes and dreams are born, memories are made, and lives are lived. We would love the opportunity to assist you with assisting you to write your new story.

We can be reached via email at inquiries@logpondrealty.com or by phone at 919.589.3576.

We service the Triangle region of North Carolina including Raleigh, Cary, Apex, Holly Springs, Morrisville, Fuquay-Varina, Durham, Chapel Hill, Wake Forest and Garner.

June Real Estate Stats for Triangle Region

June is typically the busiest month in real estate across the Triangle and for Kelly and I, the month of June was no exception.

June Stats – Triangle Real Estate Market

Typically, June is the month where we see more listings, and more prospective buyers are looking at houses.  That was not the case this June.  Showings were down 17% and listings were down 8% compared to 2017.  It appears that the consistent lack of inventory; combined with the rise in sales prices, up 5% from 2017, are keeping prospective buyers on the sidelines.

June Quick Stats

While fewer people are looking, those buyers that are looking at houses are buying and the prices that they are paying continues to increase.

Downtown Apex

Pending home sales increased by 4%.  Home prices, both new home, and resale increased past the $300,000 mark for the 1st time ever.  Average new home prices increased to $325,000, while resale prices increased to $308,000.

See market statistics here.

July and August are generally slower for the real estate market as the summer vacation season ramps up.

About Log Pond Realty @ RE/MAX United

Home is where your story begins. A home is where hopes and dreams are born, memories made, and lives lived. We would love the opportunity to assist you with assisting you to write your new story.

We can be reached via email at inquiries@logpondrealty.com or by phone at 919.589.3576.

We service the Triangle region of North Carolina including Raleigh, Cary, Apex, Holly Springs, Morrisville, Fuquay-Varina, Durham, Chapel Hill, Wake Forest and Garner.