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

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Raleigh Housing Market
April 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

April
2016
1,725
$298,682
42
3,712

April
2017
1,704
$324,062
36
3,597

Annual
Change
-1.2%
+8.5%
-14.3%
-3.1%

April is Perfect!

• Raleigh Closed Sales: April sales are consistent with last year. Home sales showed twenty-one less homes sold this month than last April.

• Average Raleigh Sales Price: The average sale price rose again this month. The average price of homes sold in April was $324,062. That's an increase of 8.5% 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 36 days. That's down 14.3% from last April.

• Raleigh Active Listings: Active listings are down again also. Listings are down 3.1% from last year at this time.

Sales Prices are Strong.

April shows strong sales. As the economy grows, more people become economically secure and are ready to step into home ownership. A strong economy creates opportunities for both buying and selling real estate. Now is a potentially lucrative time to sell a home with houses that show well and are priced correctly selling quickly, often at higher prices than asking.

There is growing competition during this annual spring selling cycle with high buyer demand. This demand is not expected to diminish in the immediate future. Strong demand, generally thought to a good problem, can creates an affordability issue for some buyers, particularly first-time buyers. With this strong demand situation, prices will continue to rise.

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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