An Updated Look at the New Construction Market in Cary NC
With many of today’s new construction homes in the Triangle area offering buyers more benefits and advantages than ever before, it’s easy to see why you’ll likely have to pay a premium to secure the newly built home of your dreams. Among some of the many positive aspects of buying new are having the ability to choose a floor plan, choose the interior finishes, and of course the ability to save money over the long haul when it comes to installing energy efficient windows, appliances, and countless other home features along the way.
In the town of Cary specifically, the new constriction market is definitely heating up, which is evident through some of the recently released housing statistics that relate specifically to newly built houses in the area.
As of the end of May, the average price for a new construction property in Cary settled at $548,623, which factors in both attached and detached listings. Compared to the most recent median list price for a single-family home in Cary of $525,000, the higher price point is hardly surprising given the Triangle area’s hot market conditions right now; but even still, new construction homes and condos are still sitting on the market longer compared to all residential properties combined, which could give new construction buyers a little extra leverage at the negotiating table.
As it stands, the Average Days on Market for new construction in Cary stands at 100 days, while the Average Days on Market for all residential properties in Cary is just 71 days.
For more information about new construction homes in Cary, or the Triangle real estate market overall, give Duncan Prime Realty a call today at (919) 808-2001, or start your Triangle area home search using our Advanced Search feature, which allows you to break down your house hunt however you see fit!