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

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Raleigh Housing Market
October 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

October
2016
1,619
$298,106
36
4,161

October
2017
1,848
$322,039
37
3,848

Annual
Change
+1.5%
+7.9%
+2.8%
-7.5%

Fall is in Full Bloom

• Raleigh Closed Sales: October sales were up from last year by 1.5%.

• Average Raleigh Sales Price: The average sale price rose again this month. The average price of homes sold in October was $322,039. That's an increase of 7.9% over last year.

• Days On Market: The average days on market before a sale increased this month. Days on market now stands at 37 days. That's up 2.8% from last October.

• Raleigh Active Listings: Active listings are down again this month. Listings fell 7.5% from last year in October.

October Metrics Set Records

October numbers set records for previous Octobers. October this year was fantastic! Here are the records that were smashed.

• Year to Date Closings
• October Closings
• Highest Overall Sales Price
• Highest Average Resale Sales Price

One note of caution with these numbers is that they were records for October only and are not highs for the entire year. The highest numbers in these categories are traditionally found in the Spring. However, in the seasonal ebb and flow of the market, these are incredible numbers and show the high demand for homes in the Triangle area.

One number we are watching is the number of listings being added. We are slowing picking up in this area and are out of the double digit deficits - YEAH! It is starting to look very good for sales next year. Within this, of note, is that the higher end listings are picking up and are selling at a faster pace.

There is always a mixture of information in Real Estate. It is very important, now more than ever, to have a strong Realtor that knows the market and all areas of the market. It is still a fantastic time to both buy and sell!

If you've been thinking about selling your home, Now is the Time. We're always in need of good homes that 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 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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