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

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Raleigh Housing Market
September 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

September
2018
1,467
$334,869
26
4,286

September
2019
1,635
$352,297
26
4,110

Annual
Change
+11.5%
+5.2%
0.0%
-4.1%

Fall Brings Cooler Days But Market Stays Hot!

• Raleigh Closed Sales: Home sales rose strongly this month compared to last September. September sales were up by 11.5%.

• Average Raleigh Sales Price: The average sale price rose this month in relation to last September. The average price of homes sold in September was $352,297. That's an increase of 5.2% over last year in September.

• Days On Market: The average days on market before a sale were the same this month as last September. The average days on market for September was 26 days.

• Raleigh Active Listings: Active listings dipped this month. Listings dropped 4.1% from last year in September.

Buyer and Seller Activity Remains Strong

Low mortgage rates and a strong economy across the country have supported both sides of the Real Estate transaction. This trend keeps our market strong as we go into the annual Fall cooldown.

Fall will brings a normal slowdown in market activity. Fewer homes come on the market but there is less competition for those homes than we see in the Spring frenzy. That's why it's always good to compare activity to last year's Fall season as opposed to last month's activity.

In Washington, there are discussions around a broad overhaul of the housing finance system, including the re-privatization of Fannie Mae and Freddie Mac. The discussions will bring changes however those changes could be months or years in the making. We will have to wait to see their possible impacts.

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 either as a 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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