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

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Raleigh Housing Market
May 2019

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

May
2018
2,074
$346,439
18
4,180

May
2019
2,165
$365,336
24
3,995

Annual
Change
+4.4%
+5.5%
+33.3%
-4.4%

May - Good Sales Numbers for May

• Raleigh Closed Sales: Home sales rose this month compared to last May. May sales were up by 4.4%!

• Average Raleigh Sales Price: The average sale price rose this month in relation to last May The average price of homes sold in May was $365,336. That's an increase of 5.5% over last year in May

• Days On Market: The average days on market before a sale rose this month compared to last May. Average days on market for May was 24 days.

• Raleigh Active Listings: Active listings are down this month. Listings dropped 4.4% from last year in May.

May Brought the Buyers Out in Force

May showed us another strong sales and showings month. Home sales were up over 4% this month compared to last year and showings leaped up. Last month was tax month so maybe everyone was neck deep in paperwork, but, they sure jumped up and out in May. Showing were up this month by 12% over April. Wow! Everyone was looking!

Why? Why the big leap in sales and showings? The strongest contenders in the possibility corner are interest rates and home equity. For the past decade, people have been staying in their homes longer before they sell and as a result, have accrued more equity. That home equity, particularly for people moving here from places like California, Illinois, and New York, along with continued low interest rates make the perfect buying scenario. We are drawing an enormous amount of people to the Triangle area and they are jumping into the available homes.

This month's strong jump in showings sets us up nicely for another strong selling month in June. So, if you are thinking about selling, the time is now!

There is always a plethora of information out there about Real Estate. It's very important, now more than ever, to have a strong Realtor who knows the market. Ask for guidance as you maneuver either as a buyer or seller.

If you've been thinking about selling your home, Now is the Time. We're always in need of good homes which are prepared for strong buyers. People are out there and They're Buying Now and both buyers and sellers are doing well. Don't delay getting 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 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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