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
August 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

August
2015

1,774
$289,392
36
4,483
August
2016

1,995
$301,864
31
3,800
Annual
Change

+12.5%
+4.3%
-13.9%
-15.2%

Hot - Hot - and More Hot

Raleigh Closed Sales: August sales were Way up from last year's sales. This month's sales were up 12.5% from last year.

Average Raleigh Sales Price: August average sale price increased again this month. The average price of sold homes in August was $301,864. That's an increase of 4.3% over last year.

Days On Market: The average days on market before a sale continues to fall. It now stands at 31 days. That's down over 13.9% from last August.

Raleigh Active Listings: Active listings are down again this month. Listings are down 15.2% from last year.

August Sales were the highest on record!

August sales were incredible - highest on record. We believe they would have even been higher had there been enough inventory. With the shortage of inventory in resale homes, new construction is going wild and is up 5% over last year.

Sales are competitive in most markets with appropriately priced homes. The good ones will go quickly often with multiple offers. If you are looking to buy you need to be ready and pre-qualified. Make sure you are with a strong agent who knows how to guide you in a multiple offer situation. It can be very intense and the offers need to be very smartly written, or you may loose out.

If you've been thinking about selling your home, Now is the Time. We're in need of good homes that are prepared for strong buyers. 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 Seller agent, Please Contact us, we'd love to help you sell your home!

If you're looking for a No Hassle-No Pressure Buyer 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 in this high demand/low inventory situation. We love meeting people and helping them find their Dream Home. 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 - August 2016

Raleigh Housing Market Updates - August 2016

North Raleigh Housing Market Updates - August 2016

Inside The Beltline Housing Market Updates - August 2016

Cary/Apex/Morrisville Housing Market Updates - August 2016

Wake Forest Housing Market Updates - August 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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If you have questions about any homes in Raleigh or any North Raleigh Homes
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