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

Home North Raleigh Homes Midtown Raleigh Homes Raleigh Luxury Homes Wake Forest Homes Cary Homes North Carolina Triangle

Raleigh Housing Market
February 2020

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

February
2019
1,302
$341,672
37
3,764

February
2020
1,506
$362,818
37
3,105

Annual
Change
+15.7%
+6.2%
0.0%
-17.5%

February - A Watchful Month

• Raleigh Closed Sales: Home sales rose dramatically this month compared to last February. February sales were up by 15.7%.

• Average Raleigh Sales Price: The average sale price also rose this month in relation to last February. The average price of homes sold in February was $362,818. That's an increase of 6.2% over last year in February.

• Days On Market: The average days on market before a sale rose this month compared to last February. The average days on market for February was 37 days. That's up exactly the same as February last year.

• Raleigh Active Listings: Active listings are down this month. Listings dropped 17.5% from last year in February.

February brings news of COVID-19 virus and its spread across the our county and the world. We are watching carefully to see any economic effects and impacts on the housing market. As of February, the market is strong with our normal deficit in the availability of resale homes. The current Months Supply was down 25% to 1.8 months.

There is always a plethora of information out there about Real Estate. It's very important, now more than ever, to have a strong Realtor who knows the market. Ask for guidance as you maneuver either as a buyer or seller.

If you've been thinking about selling your home, Now is the Time. We're always in need of good homes which 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 the ins and outs of this market, we'd love to help. We specialize in the Triangle communities and surrounding areas. We sell a lot of homes and we know what we're doing. 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

Raleigh Homes For Sale	Raleigh Luxury Homes	North Raleigh Homes	Midtown Raleigh Homes	Raleigh Inside The Beltline	Raleigh New Homes
Raleigh Townhomes & Condos	Raleigh Golf Homes	Cary Homes For Sale	Durham Homes For Sale	Wake Forest Homes	North Carolina Triangle
Raleigh Home Buyers	Raleigh Home Sellers	Raleigh Community Information	Raleigh Fun Stuff	Raleigh Triangle Schools	All About Ed & Erin