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

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Raleigh Housing Market
November 2013

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

Year
2012
1,026
$258,065
106
6,055

Year
2013
1,150
$270,754
83
5,495

Annual
Change
+12.1%
+4.9%
-21.5%
-9.2%

November was Very Strong - We were Very Busy & Thankful

• Raleigh Closed Sales: Sales continue the multi-year upward trend rising 12.1% over last November's sales.

• Average Sales Price: The November average sales price was $270,754, up 4.9% from $258,065 in November of 2012. Another month of year over year price increases. We remain positive and expect this trend will continue throughout the rest of 2013 and throughout 2014.

•Days On Market: Time until sale decreased to 83 days from last November's 106 days.

• Raleigh Active Listings: Active listings are down from last year's by 9.2%.

Now is the time to List for the Spring Rush! - Call Me!

November was a Very Strong month, one of our best months for sales this year. December is also starting off strong with lots of buyers in town. Christmas decorations are going up all over town and the holiday spirit is alive and well in Raleigh. It's fun showing homes this time of year with all the decorations on display. We have even be treated to Christmas cookies and warm apple cider in some homes we've show - what a great surprise! It put smiles on everyone's faces!

It's a little chilly but as we say - "If you don't like the weather in Raleigh today - just wait a couple days - it'll change." People up North are noticing that and we've been getting lots of folks from that Northeast corridor who say, "Enough of this snow and ice - we are moving to NC to retire and sell our snow shovel."

Our market remains in a gradual upward trend and we see nothing to change that. As we look forward to spring, we still remain low on listings. We have lots of buyers and we need more listings. If you're a seller, the busiest selling of the season starts right after the New Year's holiday! To catch the busiest selling season of the year, you need to list Right Now!

If you look at the average days on market and you want to sell this Spring, you need to list Real Quick!

We expect New Listings to Decrease in December as folks are in full holiday mode. Beat the crowd and get a jump on the January sales rush by Listing NOW!

If you're a potential seller and want to catch the spring season, Now is the time! Remember, the market picks up again the first week of January and is typically very strong for the first 4 months or so of the year.

If you're a buyer, now is the time to get your home bought and get the still historically low interest rates locked in. The market is heating up with Competing Offers on prime properties. We can help you with all the data you need to make a good informed decision on what to offer for that home you want.

The Economy continues to steadily improve, housing stocks remain on the low side, interest rates are slowly increasing and housing remains in a multi-year uptrend. The Stock Market has had a fantastic run with the markets at all time highs and there's lots of paper profit laying around.

Heading into winter, our weather is fantastic! If you're shoveling Snow up North, hop on a flight and come on down, we'd love to see you.

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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