Posted by Judy Burrell - Suddenly, everyone wants to buy a house!  Our Team has 20 listings that were getting lots of attention, but not that many offers.  All of a sudden, we are getting offers, and multiple offers, on many of them.

We have one listing that is a wonderful house, but it is right next to Interstate 1 and 64, a six lane road with traffic 24 hours a day.  Everyone loves the house, nearly everyone hates the location.  But, we just had two people bidding for the house at the same time, and we accepted an offer by first time homebuyers who are thrilled to have so much house for so little money.  If you watch the NBC-17 news, Tim was interviewed at that house by Steve Sbraccia as an example of properties that sold well under their tax value.

We have several bank owned properties that are getting offers.  One in Edgewater has three buyers bidding to be the successful owner.  Another one in Clayton has a delightful couple with a ten month old baby looking to purchase their first home.

We have a short sale in North Raleigh that has had three offers.  With the number of showings that are going on while the banks are reviewing the short sale, there may be several more offers.

This sudden flurry of activity may just be a localized burst of sales in Raleigh real estate.  Or it could mean that the Raleigh real estate market has turned the corner and is going back up.  Our market was extremely strong until last October, so the Triangle was one of the last areas to experience a downturn.  Now, we may be one of the first to show a recovery.