Raleigh Housing Market
January 2015

Homes in Wake County
Data from Triangle Multiple Listing Service

• Raleigh Closed Sales: January sales were even with sales during January of last year. Sales in January 2014 were 966 and sales this year during January were 967.

• Average Raleigh Sales Price: The January average sales price dipped a bit this January. The average sale price for a home in Raleigh is now $259,682. That's down from last January's sale price of $269,089.

• Days On Market: The average days on the market until a home is sold decreased to 62 day in Wake County. That's good news. It now takes 4.6% less time to sell a home in Raleigh than it did in January of 2014.

• Raleigh Active Listings: The total active listings continue to be a big problems. Listings are down by a 14.4% from last year at this time - ouch! The number of homes for sale in January of 2015 stood at 4,525 in Wake County whereas last year we had 5,288.

If you're buried in snow, come on down. It's January in NC ~ little rain but nice!

January 2015 was solid and we were very busy. New listings are starting to trickle out but we need a bunch more so please contact us if you have questions about how to get your home on the market. If you're coming down to Raleigh for a winter break, why not look at a few homes while you're here. It's fun and you might just be surprised at how much home your money can buy here. If you want a quick real estate tour, contact us, we'd love to show you around!

While the numbers this month indicate a small slump on the overall market we were very busy having one of our best months in many years in January. We were also slammed the first week of February and expect this month to be a very strong month for sales.

Interest rates remain very low and Lenders continue to slowly ease credit standards for home loans. Both Fanny Mae and Freddie Mac continue to make regular changes to their lending standards, some positive for buyers and some negative but generally leaning in favor of relaxing standards and easing the process of obtaining a new home mortgage.

The National Economy continues to improve with a very positives jobs report issued last week. The public now appears to be "On Board" and believing that the recovery is actually real. Wage growth is starting to pick up and the drastic decline in gas prices is putting more money in the pockets of most Americans. All these positive signs point to a stronger real estate market across the nation.

If you're looking for a No Hassle-No Pressure 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. We love meeting people and helping them find their Dream Home. Contact us and we can help you too :-)

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.

We'll also provide you with a Raleigh Neighborhood Report that will let you know what has been happening with home sales in your individual neighborhood.

The Raleigh Housing Market Reports below will give you a detailed look inside the current and past Raleigh Area Housing Market.

Wake County Housing Market Updates - January 2015

Raleigh Housing Market Updates - January 2015

North Raleigh Housing Market Updates - January 2015

Inside The Beltline Housing Market Updates - January 2015

Cary/Apex/Morrisville Housing Market Updates - January 2015

Wake Forest Housing Market Updates - January 2015

Raleigh Housing Market Report Archives

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