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

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Raleigh Housing Market
July 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

July
2015
1,925
$288,320
37
4,434

July
2016
1,964
$309,877
30
3,800

Annual
Change
+2.0%
+7.5%
-18.9%
-14.3%

Hot - Hot Weather

• Raleigh Closed Sales: July sales were up from last year's sales. This month's sales were up 2% from last year.

• Average Raleigh Sales Price: July average sale price increased this month. The average price of sold homes in July was of $309,877. That's an increase of 7.5% over last year.

• Days On Market: The average days on market before a sale continues to fall. It now stands at 30 days. That's down over 18.9% from last July.

• Raleigh Active Listings: Active listings are down 14.3% from last year.

July Sales are like the weather - Hot!

July sales are strong and homes go quickly. Expect competition for homes under $300,000. The good ones will go quickly often with multiple offers. If you are looking to buy you need to be ready and pre-qualified. Make sure you are with a strong agent or you may loose out.

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 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 :-)

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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