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

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Raleigh Housing Market
January 2018

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
2017
1,082
$301,795
36
3,245

January
2018
1,119
$324,825
34
2,952

Annual
Change
+3.4%
+7.6%
-5.6%
-9.0%

Burrr ... January was Cold!

• Raleigh Closed Sales: January sales were up from last year by by a 3.4%.

• Average Raleigh Sales Price: The average sale price rose again this month. The average price of homes sold in January was $324,825. That's an whopping increase of 7.6% over last year.

• Days On Market: The average days on market before a sale dropped this month. Days on market now stands at 34 days. That's down 5.6% from last January.

• Raleigh Active Listings: Active listings are down again this month. Listings fell 9.0% from last year in January.

Even in the cold buyers were out in force!

Cold and snow was the talk of the month but even with that sales were up. The new normal is the low inventory brings Days on Market down and multiple offers common. In this first month of the new year, 61% of all resale home went under contract between 1-30 days with 18% selling above list price.

With these strong numbers, builders and Realtors are both cautiously optimistic for the year ahead. Housing and economic indicators give reason for this optimism.

There is always a plethora of information out there about Real Estate. It is very important, now more than ever, to have a strong Realtor that knows the market and all areas of the market. It is still a fantastic time to both buy and sell!

If you've been thinking about selling your home, Now is the Time. We're always in need of good homes that are prepared for strong buyers. People are out there and They're Buying Now and both buyers and sellers are doing well. Don't delay getting 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 an Experienced, Knowledgeable 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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