The local housing market is still saturated with available housing. The decreases we see in inventory this month are sunstantial but plenty of housing is still available.
With a 8.2 month supply of houses we are still in a strong "Buyers" market and will be for the foreseeable future. What is a Buyers market? This is when conditions exist that allow buyers to obtain concessions from sellers that they would not receive in a balanced market.
If you are looking to buy, this market is for you. In this market buyers typically get more for their money and receive seller concessions regularly.
If you are a seller this is not a bad time to sell. You just need to have a realistic expectation of your homes value and need to work with a Realtor that will provide maximum exposure for your property.
The entire report can be viewed at the North Carolina Real Estate Web Blog.
