Wow, what happened to spring? What should we expect for the summer?
It seems like spring just started but it's already over and summer is here. The kids are finishing up EOG's and they will be complaining they are bored before we know it. So what happened in the market this spring in the Triangle and what should we expect for the summer?
As we predicted in our Let's get ready for the Spring Market article, buyers faced a challenge here in the Triangle. Prices continued to rise as inventory dropped to historic lows. Most buyers in the Triangle faced multiple offers and selling prices well above asking prices. However, this seems to be the case with all of our competition as prices continue to rise across the east coast.
Below are the updated…