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

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Raleigh Housing Market
April 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

April
2015
1,555
$281,645
52
4,065

April
2016
1,721
$298,230
42
3,362

Annual
Change
+10.7%
+2.4%
-19.2%
-22.2%

April Weather Coolish but Sales Warm Up

• Raleigh Closed Sales: April sales were up smartly from last year's April sales. This month's sales were up a strong 10.7% from last year.

• Average Raleigh Sales Price: April took a nice spring leap. The average price of sold homes in April was of $298,230. That's in increase of 5.9% over last year.

• Days On Market: The average days on market before a sale continues down and down. It now stands at an average of 42. That's down over 19% from last April.

• Raleigh Active Listings: The number of active listings is still low. Listings are down 17.3% from last year.

Spring selling season is officially on.

Spring selling is on! The weather continued cool-ish in March but buyers are snapping up the good ones. Already we know that homes that show well - expect multiple offers and expect it to sell quickly. If the home is not gleaming - expect it to be on the market for an extended time.

Home prices continue to respond to move upward. The average sales price for March was $298,230 which is up from last year's price of $281,645.

Mortgage rates have remained wonderfully low. People are getting great loan packages. The unemployment rate has remained near 5.0 percent for eight straight months and wages have increased for several segments of the population.

If you've been thinking about selling your home, Now is the Time. We're in the front door of our spring season. If you want to catch this spring season, you need to get listed right away. Remember, it usually takes a little time to get going on a new listing. You need to get your home ready for showing, the advertising needs to be created, and all the paper work needs to be completed.

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 producing agent, Please Contact us, we'd love to help you sell your home!

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 :-)

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.

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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