Siler City Real Estate Market Report for May 2023

 

Hey everyone! It’s Gardner Reynolds and Frank Gombatz, your trusted Real Estate Agents from Legacy Farms and Ranches of Fonville Morisey Realty. We are excited to share some amazing news with all the buyers and sellers in Siler City, NC 27344. As of May 2023, there are only 0.66 months of inventory available in the market. This means that if you’re looking to sell your property, now is the perfect time to do so!

 

Did you know that the monthly supply of Inventory has decreased by 57.96% over the last 12 months in Siler City, NC 27344? That’s right! We can tell you that this is a clear indication of a seller’s market. So, if you’re thinking of selling your property, don’t wait too long! Are you curious about the current List to Sold Price percentage in Siler City, NC 27344? Well, it’s 100.8%! This means that properties are selling at or even above the asking price.

 

 

If you’re wondering how long it takes for a property to sell in Siler City, NC 27344, the median days on the market is only 29! This is a clear indication that properties are in high demand. So, if you’re looking to sell, don’t wait too long to list your property, as it’s likely to sell quickly!

 

Are you interested in knowing more about your farm or land in Siler City, NC 27344? As of May 2023, the median sold price is $255,000. This is great news for both buyers and sellers, as it indicates that properties are selling at a fair price and there’s potential for appreciation in the future.

 

As Real Estate Agent, we are excited to share that the current market trends in Siler City, NC 27344 are in favor of sellers. With only 0.66 months of inventory available, a high List to Sold Price percentage, and a median days on market of only 29, this is the perfect time to sell your property. Contact us today to get started!