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

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Raleigh Housing Market
January 2020

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

January
2019
1,043
$341,725
35
3,751

January
2020
1,214
$360,762
39
3,095

Annual
Change
+16.4%
+5.6%
+11.4%
-17.5%

It's a Brand New Year!

• Raleigh Closed Sales: Home sales rose this month compared to last January. December sales were up by a solid 16.4%.

• Average Raleigh Sales Price: The average sale price also rose this month in relation to last January. The average price of homes sold in January was $360,762. That's an increase of 5.6% over last year in January.

• Days On Market: The average days on market before a sale rose this month compared to last January. The average days on market for January was 39 days. That's up 11.4% from last year.

• Raleigh Active Listings: Active listings are down this month. Our year starts with a deficit in listings. Listings dropped 17.5% from last year in January.

January is starting our year off strong. With the exception of the constant need of listings, the outlook is very good in the Triangle and around the country. The Chief Economist for the National Association of Realtors, Lawrence Yun, predicts home prices with continue to rise with "no danger of falling due to inventory shortages". He also looks forward to growth in new-construction homes.

The new year sees continued low interest rates and low unemployment. All these factors point to a strong step into 2020 with healthy buyer demand already showing up in the Triangle. Spring looks to be fantastic for both buyer and sellers.

There is always a plethora of information out there about Real Estate. It's very important, now more than ever, to have a strong Realtor who knows the market. Ask for guidance as you maneuver either as a buyer or seller.

If you've been thinking about selling your home, Now is the Time. We're always in need of good homes which 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 the ins and outs of this market, we'd love to help. We specialize in the Triangle communities and surrounding areas. We sell a lot of homes and we know what we're doing. 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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