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

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Raleigh Housing Market
March 2016

Raleigh Real Estate

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

March
2015

1,560
$279,539
60
3,839
March
2016

1,593
$286,140
50
3,312
Annual
Change

+2.1%
+2.4%
-16.7%
-13.7%

March Starts the Spring Season Strong in 2016

Raleigh Closed Sales: March sales are up from last year's March sales. This month's sales were up about 2% from last year.

Average Raleigh Sales Price: March continued the upward progress in the sales price in the Raleigh area. The average price of sold homes in March was of $286,140. That's in increase of 2.4% over last year.

Days On Market: The average days on market before a sale continues to fall and now stand at an average of 50. That's down over 16% from last March.

Raleigh Active Listings: The number of active listings still dropping. Listings are down 13.7% from last year.

March weather still chilly but Sales warming up nicely.

Spring sales have started! The weather was cool-ish in March but buyers helped to warm thing up. March always has activity both from local buyers and from spring breaks in the northern tier of the country. People are coming down to NC during their break to snatch up homes for their summer move.

The number of homes for sale is low, so the good ones go fast, often with competing offers. It follows that house prices continue to respond to the low supply. The average sales price for March was the highest since the second quarter of 2008.

Buyers are showing a sense of urgency in selecting their home. We see buyers being very aware that homes go quickly. But, interestingly, the buyers are very selective. If the home is nice and priced right they only need to see it once. If the home is over-priced or does not present well they will not even walk through the entire home - just glance and leave.

Sellers please don't be fooled by the lure of a quick sale - buyers will not overlook the small details. Make your home shine, price it correctly and it will move. If you don't prepare your home to impress you will sit with it while others fly off the shelf.

The Election cycle is going full blast heading for the conventions this summer and is taking attention away from the financials of the country at this time. The Stock Market got off to a rough start in the first quarter but has bounced back. Employment figures are positive, wages are going up and employers are hiring. Buyers are holding for the right home, even in the face of extremely low mortgage rates. So make your home stand out and your results will be good.

If you've been thinking about selling your home, Now is the Time. We're in the front door of our spring season. If you want to catch this spring season, you need to get listed right away. Remember, it usually takes a little time to get going on a new listing. You need to get your home ready for showing, the advertising needs to be created, and all the paper work needs to be completed.

People are out there and They're Buying Now so don't delay to get your home in front of them. With this current shortage, you will be in prime position. If you're looking for a strong producing agent, Please Contact us, we'd love to help you sell your home!

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.

Wake County Housing Market Updates - March 2016

Raleigh Housing Market Updates - March 2016

North Raleigh Housing Market Updates - March 2016

Inside The Beltline Housing Market Updates - March 2016

Cary/Apex/Morrisville Housing Market Updates - March 2015

Wake Forest Housing Market Updates - February 2016

Raleigh Housing Market Report Archives

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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