Kensington Trace Update

Although they are not in Carrboro, I think it is wise to point out that 6 Kensington Trace condos are under contract right now.

Why is this important? In the past, Kensington Trace condos have languished on the market for a good amount of time. This new infusion of people wanting to buy in Kensington Trace does seem to help support a theory that some of us Realtors have been talking about lately: There aren't as many homes for sale this spring as there have been in the past.

I'm not an economist, but it seems like there could be tons of reasons for this. But what it means to you (if you're looking to buy Carrboro Real Estate)is that now is not the time to offer sellers the lowest price for their homes. Houses that are priced correctly and are in good condition are going to go very quickly.