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

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Raleigh Housing Market
April 2015

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

April
2014
1,530
$267,445
59
6,330

April
2015
1,539
$281,285
53
5,231

Annual
Change
+0.6%
+5.2%
-10.2%
-17.4%

April Showers ~ Brings Buyers & Flowers

• Raleigh Closed Sales: April sales were steady in this rainy chilly April. They were up .6% over last year's sales. Lots of relocation buyers coming down from the cold Northeast.

• Average Raleigh Sales Price: April's average sales price rose a whopping 5.2% over last year's average price. The average sale price for a home in Raleigh is now at $281,285.

• Days On Market: The average days on the market until a home is sold continues to go down as the shortage of inventory continues. It now stands at an average of 53 days. That's down over 10% from last year.

• Raleigh Active Listings:The total active listings is still down by double digits. Listings are down by a 17.4% from last year at this time. The number of homes for sale in April of 2015 stood at 5,231 in Wake County.

A Rainy April Doesn't Stop Buyers!

We were really packed with people coming to NC from New York, Ohio, and Pennsylvania. The weather's fantastic even with the rain and they want to move. The rates are still low so now's a great time to grab that second home or retirement home you've been thinking about. If you want a quick real estate tour, Contact us, we'd love to show you around!

The Raleigh Housing Market continues strong as usher in our Spring Season on a strong note. This bodes well for a stronger than usual Summer Season. Interest rates are beginning to creep up so that may create a little stimulus for those who have been waiting to buy. We expect buyers may get a little more motivated as they become more aware of the changing interest rate environment. We expect good weather and activity in May as people begin transitioning from Spring to Summer.

We expect listings to increase as the season continues. Sellers are eager to polish up their home to quickly catch the influx of buyers. We are so delighted to see the effort our sellers are putting in to getting their house to shine - and move quickly. A little shine really pays off with a quick sale.

The National Economy continues to improve, particularly on the jobs front. Unemployment now stands at 5.4% which is an improvement over last month and continues the downward trend in unemployment that's been going on for the last several months. Homeownership in the Triangle is responding. Rental prices are rising at a scary high rate and people are seeing the value in buying instead of renting. We are hearing again and again, "I can have a house payment cheaper that a rent payment."

If you're looking for a No Hassle-No Pressure 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. We love meeting people and helping them find their Dream Home. Contact us and we can help you too :-)

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,
or what your Raleigh home is worth Email Us or Call me Today at 919-280-2726

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