OXFORD, NC - An Emerging Market (Bonus: Home for Sale)
My hometown, Oxford, North Carolina!!! Imagine waking up to sweet melodies of birdsong; sleep-walking toward the aroma of a country breakfast w biscuits, bacon/sausage, salmon cakes; and at the end of a laborious day, the cicadas lulling you into a deep sleep under a vast array of stars. That’s my hometown, Oxford, NC. It’s the perfect place to call home!
Oxford is a great place to invest and buy housing right now. Oxford is one of the top emerging cities in NC for growth and development. This is in part due to it’s affordability and it’s close proximity to Durham, Raleigh and RTP. Oxford is as hot as it’s annual Hot Sauce Festival!!!
The housing market has shifted amidst the pandemic. Prices in Raleigh and Durham have been driven higher because inventory is low, supply & demand at work. Sellers aren’t willing to list their homes and double or triple their interest rates when they buy another. And, there seems to be no end in sight to this dynamic.
Amidst these conditions, home buyers are seeking more affordable home prices. Oxford is one of the “hottest” areas near the Triangle. As you see in the chart, median home prices in Oxford are $100K less than in Durham or Raleigh. You get so much more for your money. The best way to combat these high interest rates is finding a home at a lower price point.
Interested in learning more about the beautiful, yet affordable, historic homes in Oxford? See the latest home on the market at $285,000.
Contact me for more options.