H
omes on the market are lingering longer than usual, and a local real estate agent is sounding the alarm. According to Triangle area listings, properties are staying vacant for an extended period compared to recent years.
The current market dynamics are causing this trend, with multiple factors at play. Inventory levels have decreased significantly since last year, making it harder for buyers to find their dream home. This scarcity has led to a competitive landscape where sellers can afford to be more selective and wait for the right offer.
As a result, homes are sitting on the market longer than expected, often due to unrealistic seller expectations or a lack of urgency from potential buyers. Real estate agents like those in the Triangle area are adapting to these changes by providing guidance to both buyers and sellers on how to navigate this complex market.
