• Average Raleigh Sales Price: The average sale price rose this month in relation to last December. The average price of homes sold in December was $400,235. That's an increase of 10.6% over last year in December. • Days On Market: The average days on market before a sale dropped dramatically this month compared to last December. The average days on market for December was 18 days. That's down 48.6% from December last year. • Raleigh Active Listings: Active listings also fell dramatically this month. Listings dropped a whopping 54.2% from last year in December. According to the Triangle MLS, "December is normally one of the slowest months of the year but strong buyer demand across most segments of the market, buoyed by near-record low interest rates, continue to drive a healthy sales pace in the face of a new wave of COVID-19 infections and a softening jobs market. With low mortgage rates and strong buyer demand in most market segments, the housing market of early 2021 looks to continue the trends we saw in the second half of 2020. Low inventory and multiple offers on in-demand properties and market segments are likely to remain common while the market waits and hopes for a boost in new construction and a surge in home sellers to help provide more balance to the market." If you are thinking about selling your home, now is an EXCELLENT time. We're always in need of good homes and know how to prepare and market your home safely during this unusual time. If you're looking for a strong Seller agent, Please Contact us, we'd love to help you sell your home! If you are looking into buying a home, make sure you are Buyer-Ready, and that you are able to make decisions quickly. The best way to do this is to make sure you are with a strong Realtor that knows how to manage these situations and who will keep you on top of all the important information and steps in this challenging time. People are out there and They're Buying Now. 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. Wake County Housing Market Updates - December 2020Raleigh Housing Market Updates - December 2020Cary/Apex/Morrisville Housing Market Updates - December 2020Wake Forest Housing Market Updates - December 2020Raleigh Housing Market Report Archives
If you have questions about the Raleigh Real Estate Market,
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