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

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Raleigh Housing Market
June 2016

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

June
2015
2,161
$301,206
44
4,291

June
2016
2,346
$313,293
35
3,709

Annual
Change
+8.6%
+4.0%
-20.5%
-13.6%

Hot Weather - Sales Up

• Raleigh Closed Sales: June sales were up from last year's sales. This month's sales were up 8.6% from last year.

• Average Raleigh Sales Price: June average sale price increased this month. The average price of sold homes in June was of $313,293. That's an increase of 4% over last year.

• Days On Market: The average days on market before a sale falls. It now stands at an average of 35. That's down over 20% from last June.

• Raleigh Active Listings: Active listings also drop. Listings are down 13.6% from last year.

Summertime Sales are Hot!

June has our home prices and sales going up. Mirror this against the continual low number of homes for sale and we see the market's struggle. As a result we seeing sellers getting a higher percentage of their asking price and the average days on market dropping. The struggle for Buyer agents becomes finding homes for eager buyers.

Multiple offers are more common than ever now. Seller agents are asked, "Do you have offers yet on this home," often when a buyer agent is setting up a showing. The number of showings is up this month over last year as buyers compete for available homes.

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 but picky buyers.

People are out there and They're Buying Now so 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 No Hassle-No Pressure 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 :-)

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.

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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