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
March 2012

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

Year
2011
887
$238,513
124
9,051

Year
2012
1,003
$241,595
129
6,049

Annual
Change
+13.1%
+1.7%
+4.2%
-33.2%

We really need a rubber stamp: "Another Month of Increased Sales!"
(Can you believe it? 9 months and counting.)

• Raleigh home sales were up an amazing 13.1% over last March.
• Average Raleigh home prices crept up again by 1.7% over last year.
• It took less than a week longer to sell a home in Raleigh this March than in March of 2011.
• Houses listed for sale are down by 34.2% compared to last year.

What Does All this Mean?

The incredible low inventory of homes for sale is a quandary. There are homeowners who would like to sell their home but they are not putting it up for sale. To paraphrase Winston Churchill - We cannot forecast the actions of today's Raleigh potential sellers. This is a riddle wrapped in a mystery, inside an enigma; but perhaps there is a key.

That key is a seller's knowledge of changes actually occurring in today's Raleigh's home market.

You know when you get in your car, turn the key, hear the engine begin to turn over, and then, it roars to life? It would seem that the engine of the real estate market is in that stage of "turning over".

Is that possible? Yes.

• Sales are up over last year - which is great! And, more importantly, they are continuing on an upward trend. They are up over last month by over 20%!

• While average sale prices have increased slightly over last year, they rocketed up 4% over last month. (That's huge!)

• And, there's a very important area, that's sometimes overlooked. Sellers were able to get, on average, a solid 97% of the listing price.

Raleigh Home Buyers and Sellers
Feel free to contact us with your questions. We're easy to talk to and we can answer any questions you might have about current market conditions, interest rates or where Raleigh home prices are headed. If you're interested in talking about listing your home we'd be happy to provide our recommendations on how best to proceed to market your home.

We'll also provide you with a Raleigh Neighborhood Report that will let you know what has been happening with home sales in your individual neighborhood.

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 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