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

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Raleigh Housing Market
April 2021

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
2020
1,656
$382,482
21
3,775

April
2021
1,944
$437,709
9
1,137

Annual
Change
+17.4%
+14.4%
-57.1%
-69.9%

April Market is WHITE Hot

• Raleigh Closed Sales: Home sales rose this month compared to last April. April sales were up by 17.4% from April last year.

• Average Raleigh Sales Price: The average sale price rose this month in relation to last April. The average price of homes sold in April was $437,709. That's an increase of 14.4% over last year in April.

• Days On Market: The average days on market before a sale dropped dramatically again this month compared to last April. The average days on market for April was 9 days. That's down 57.1% from April last year. It is also the lowest Days on Market ever recorded by our Multiple Listing Service (MLS.)

• Raleigh Active Listings:This is the BIG one again. Active listings fell, thud, this month. Listings dropped a whopping 69.9% from last year in April.

According to the Triangle MLS, "April was another strong month for home sales. The busy spring market continues to see many multiple offer situations driving sales prices above asking price. With such strong activity, by the time a property sale closes, the market may have already moved higher than that sold price suggests. Such markets can create stress and frustration for prospective homebuyers, who are frequently having to submit offers on multiple properties before they are able to secure a purchase.

In the spirit of the great Wayne Gretzky, buyers, sellers, and their agents are all trying their best to skate to where the puck, or rather, the housing market, is going, not where it has been. While housing affordability remains an area to watch as prices continue to rise, strong buyer demand and limited housing supply show no signs of easing soon, pointing to a continuation of this market trend through spring and into summer."

If you are thinking about selling your home, now is an EXCELLENT time. We're always in need of good homes and know how to prepare and market your home during this incredible time. If you're looking for a strong Seller agent, Please Contact us, we'd love to help you sell your home!

If you are looking into buying a home, make sure you are Buyer-Ready, and that you are able to make decisions quickly. The best way to do this is to make sure you are with a strong Realtor that knows how to manage these situations and who will keep you on top of all the important information and steps in this challenging time. People are out there and They're Buying Now.

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

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