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

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Raleigh Housing Market
June 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

June
2016
2,368
$313,575
35
4,105

June
2017
2,371
$338,478
33
3,830

Annual
Change
+0.1%
+7.9%
-5.7%
-6.7%

It's Summertime!

• Raleigh Closed Sales: June sales are aligned with last year. Home sales were up 0.1% from last June

• Average Raleigh Sales Price: The average sale price rose again this month. The average price of homes sold in June was $338,575. That's an increase of 7.9% over last year.

• Days On Market: The average days on market before a sale continues its downward trek. Days on market now stands at 33 days. That's down 5.7% from last June

• Raleigh Active Listings: Active listings are down again also. Listings are down 6.7% from last year at this time.

Sales Prices are Up Again.

June shows good news for home prices. This is the third month in a row where the average price of a home is past the $300,000 mark. There is strong competition during this summer selling cycle with high buyer demand. This demand is not expected to diminish in the immediate future.

Strong demand creates strong competition and expectation of multiple offers, on well presented homes, is the expectation of the day. Make sure you have a strong Realtor that knows the ins and outs of presenting multiple offers, like us:), and you'll come out on top.

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 an 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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