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

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Raleigh Housing Market
June 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

June
2013
1,654
$264,794
88
6,632

June
2014
1,749
$283,897
80
6,343

Annual
Change
+5.7%
+7.2%
-9.1%
-4.4%

Splish Splash, time to hit the Pool - Summer's Here!

• Raleigh Closed Home Sales: June's sales were up and jumpin'! Sales were up in June by a wopping 5.7% from last year's June sales.

• Average Sales Price: The June average sales price took a huge step upwards to $283,897. That's up 7.2% from June of 2013. That is excellent!

• Days On Market: Down to an average of 80 - that's more than a week lower than last year when it stood at 88 in June.

• Raleigh Active Listings: Active listings are now at 6,343, down close to 300 units from last year.

The Sun is Shining on Buyers and Sellers.

June was extremely busy with lots of activity. Summers are always hot here and they are heating up even more. The clientele in the summer are families moving around and lots of new residents coming here to live, primarily from the Northeast corridor.

Days on Market and Active Listings are closely tied. As the number homes for sale decreases so do the Days on Market. We have people looking for homes every day and with fewer homes out there, the good ones are flying off the shelves. People pass on the ones that don't shine and grab the ones that do.

It's a competitive market out there, so be sure to get solid advice on how to position your home to sell quickly and for the highest price. You need a strong Realtor who knows the market well. Get a good one and listen to his or her advice. Buyers don't waste any time with homes that don't show well.

Prices continue to increase and the market remains active as we work our way through our summer sales season. Interest rates remain in the mid 4% range but should increase going forward especially as we get closer to the end of the year.

National Economic data continues to slowly improve with most economic indicators continuing to trend upward very slowly. We hope to see stronger economic numbers as we move through summer and head into the fall season.

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.

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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