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

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Raleigh Housing Market
April 2018

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
2017
1,728
$325,957
23
3,947

April
2018
1,811
$340,982
21
3,578

Annual
Change
+4.8%
+4.6%
-8.7%
-9.3%

April Warms Up Along With Sales

• Raleigh Closed Sales: April sales were up from last year by 4.8%.

• Average Raleigh Sales Price: The average sale price rose this month. The average price of homes sold in April was $340,982. That's an increase of 4.6% over last year.

• Days On Market: The average days on market before a sale dropped this month. Days on market now stands at 21 days. That's down 18.7% from last April.

• Raleigh Active Listings: Active listings are down again this month. Listings fell 9.3% from last year in April.

Competition for Homes Remains High

Sellers and builders are in a good position in the current market. The economy is responding well to both re-sales and new construction homes. The low inventory continues to create a competitive situation for buyers and price increases. We see this situation continuing over the next several months.

Prices continued respond well to this situation. The Median Sales Price increased 4.4% in Wake County. The Days on Market also continue to fall-CLUNK!

Being quick with an offer is still the rule of the day. The luxury of pondering a home are long gone. And, if that wasn't enough for buyers to deal with, the possibility of rising mortgage rates is on the horizon.

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 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 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 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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