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

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Raleigh Housing Market
March 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

March
2016
1,608
$287,533
49
3,603

March
2017
1,873
$313,978
44
3,484

Annual
Change
+16.5%
+9.2%
-10.2%
-3.3%

March and the Promise of Spring!

• Raleigh Closed Sales: March sales are up from last year. Sales were up a whopping 16.5% from last March.

• Average Raleigh Sales Price: The average sale price rose again this month. The average price of homes sold in March was $313,978. That's an increase of 9.2% over last year.

• Days On Market: The average days on market before a sale continues keeps its downward trek. Days on market now stands at 44 days. That's down 10.2% from last March.

• Raleigh Active Listings: Active listings are down again also. Listings are down 3.3% from last year at this time.

Sales are Strong!

March is the end of the 1st quarter and all metrics are good - except of course, inventory. There continues to be a need for more homes to be put on the market for the buying public that are out there waiting. This month 68% of the listed homes went under contract. That is a huge number.

All agents are talking about the upcoming summer surge. Buyers are making their plans for buying trips to occur over the next couple of months. We have large groups coming from the Northeast Corridor. Now, California and Florida are also showing a surge of people moving to the Triangle area. That influx added to our local buyers sets us up for a very strong summer.

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 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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