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

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Raleigh Housing Market
April 2019

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
2018
1,825
$340,198
21
3,917

April
2019
1,865
$358,528
27
3,773

Annual
Change
+2.2%
+5.4%
+28.6%
-3.7%

April Brings Joy to All!

• Raleigh Closed Sales: Home sales rose this month compared to last April. April sales were up by 2.2%.

• Average Raleigh Sales Price: The average sale price rose this month in relation to last April. The average price of homes sold in April was $358,528. That's an increase of 5.4% over last year in April.

• Days On Market: The average days on market before a sale rose this month compared to last April. Average days on market for April was 27 days.

• Raleigh Active Listings: Active listings are down this month. Listings dropped 3.7% from last year in April.

Raleigh Home Market is Blooming

April brings our wonderful weather and the housing market responds. Buyers are out in force this spring. For well-priced homes in desirable locations, competition is fierce. Home prices in Wake County continue to rise! The Average sales price was up 5.4%. Also the Median Sales Price was up. It's good to look at the Median sales price because that the price is right is in the middle, where half are below and half are above. This price rose by 6% to $318,000.

The national unemployment rate dropped to 3.6 percent during April 2019. This historically low unemployment rate can provide reassurance to wary consumers and they are responding. This is where home inventory comes into play. In the most competitive price ranges, inventory is straining to keep pace. For Buyers, it is an extremely competitive situation! ALWAYS expect multiple offers and be prepared for them. Winning in a multiple offer situation is much more than just having the highest price. There are cash buyers out there and for those using traditional financing, coming out on top requires guidance from a well-seasoned Realtor. Pick wisely and ask questions. This situation is likely to continue throughout 2019.

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 as either 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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