6020 Creedmoor Road, Raleigh, NC 27612 ~ Cell: (919) 280-2726 Erin@HomesInRaleigh.org

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Raleigh Housing Market
January 2017

Homes in Wake County
Data from Triangle Multiple Listing Service

Closed Sales
Average Sales Price
Average Days On Market Until Sale
Number of Homes For Sale

January
2016
1,022
$281,101
52
3,452

January
2017
1,069
$300,6765
43
2,953

Annual
Change
+4.6%
+7.0%
-17.3%
-14.5%

January Brings Excited, Ready Buyers

• Raleigh Closed Sales: January sales are up from last year. This month's sales were up 4.6% from last January.

• Average Raleigh Sales Price: January average sale price increased again this month by a big jump! The average price of homes sold in January was $281,101. That's an increase of 7.0% over last year.

• Days On Market: The average days on market before a sale continues to fall and took big step downward. Days on market now stands at 43 days. That's down 17.3% from last January.

• Raleigh Active Listings: Active listings are down again this month. Listings are down 14.5% from last year.

Starting out the year the market is busy - looking for homes!

The 2017 year starts strong with buyers out looking for homes - even in the cold weather. The number of homes for sale is down this month again and those homes that are for sale are selling in fewer days and for higher prices. We are telling buyers to make your best offer the first time - you'll probably only get one chance. We are now strategizing to forestall multiple offers with buyers.

Spring buyers are already here on buying trips. We are preparing for a very strong spring. The Spring selling season has started. The overwhelming feeling about residential real estate for the future is optimism. Real estate professionals across the nation are saying they are busy now. Raleigh is one of the top markets in the nations so we are looking strong but constantly in need of more listing. Buyers are walking away due to lack of available homes.

So, if you've been thinking about selling your home, Now is the Time. We're in need of good homes that are prepared for strong buyers. People are out there and They're Buying Now - with more on the way. Don't delay to get your home in front of them. With this current shortage, you will be in prime position. If you're looking for a strong Seller agent, Please Contact us, we'd love to help you sell your home!

If you're looking for a No Hassle-No Pressure Buyer Realtor to show you around we'd love to help. We specialize in the Triangle communities and surrounding areas. We sell a lot of homes so we know what we're doing in this high demand/low inventory situation. We love meeting people and helping them find their Dream Home. Contact us and we can help you too :-)

The Raleigh Housing Market Reports below will give you a detailed look inside the current and past Raleigh Area Housing Market.

If you have questions about the Raleigh Real Estate Market,
or what your Raleigh home is worth Email Us or Call us Today at 919-280-2726

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