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

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Raleigh Housing Market
March 2014

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

March
2013
1,334
$250,057
103
6,169

March
2014
1,315
$269,732
92
5,776

Annual
Change
-1.4%
+7.9%
-10.7%
-6.4%

March Starts Chilly but Warms Up

• Raleigh Closed Sales: This March was chilly and still kept buyers inside. Sales were down this month by almost 1.4% from last year at this time.

• Average Sales Price: The March average sales price was $254,644, up 7.9% from $250,057 in March of 2013. We remain positive and expect this trend will continue throughout the spring and into the summer.

• Days On Market: It dropped to 92 this month and that's down 10.7% from last year.

• Raleigh Active Listings: Active listings now stand at 5,776, down 6.4% from last year's 6,169. If you want to sell this Summer, you need to List Right Now or you'll miss the season and we need those homes!

Consumers begin to shake of chilly Spring

March started off a little slower as predicted but firmed as the month continued finishing strong. Lots of our listings sold and we need more. We have buyers waiting in the wings for the "perfect home" If you're thinking about selling, Call me!

We have noticed a new discernment in Buyers. They are waiting for the home they are looking for rather than buying what doesn't truly appeal to them. We're showing many more homes per buyer than in previous years. Sellers take note - your home is in competition with other homes.

If you're a seller, there's still lots of competition for those picky buyers so make sure your home shines or you'll be left in the dust. Make sure your home shows at its absolute best. Ask your Realtor to show you your competition. Also start looking for your new home. See with buyer eyes as you look yourself and then make sure your home is ready for the same scrutiny.

If you're thinking of putting your home on the market there are many ways to get it ready that will not be costly. Give us a call and we can talk about the best bang for your buck - protecting your equity is always our #1 job.

If you're a buyer, we're here to help and we ARE NOT pushy sales people! Our business model says: Be helpful, answer all their questions and make sure they have a good time.

We continue to feel quite strongly that if you're a buyer now is the time to pull the trigger. Interest rates are up slightly from the historically lows and we expect them to be higher by the end of this year. Frankly we're surprised rates are staying at these lower levels.

If you're looking for a No Hassle-No Pressure Realtor to show you around we'd love to help. We specialize in Raleigh, Cary and the surrounding areas. We're experts on retirement properties, new construction, furrowing out the best properties. We sell a lot of homes a year 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:-)

Raleigh Home Buyers and Sellers

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.

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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