Raleigh Real Estate Facts – 2013 Year End Recap

Raleigh Real Estate Recap 2013Our favorite Raleigh real estate market recap of the year – presenting the recap for 2013 Raleigh real estate!

Raleigh real estate is what we know and love, 2013 was much improved over previous years for real estate around the country and Raleigh, North Carolina continued to experience reliable stability and steady growth.

The pie chart shows the breakdown of:

  • new active listings (homes that went on the market)
  • total active listingsRaleigh 2013a Real Estate Recap
  • closed listings
  • homes that have gone under contract

during the whole of 2013 for single family detached homes located within Raleigh, NC.

The “1% Active” represents only those Raleigh homes that entered the MLS before January 2013, and sat on the market through the duration of the year (a high % would be alarming).

While the pie chart is a little arbitrary on its own, we include it to help paint the full picture for the stats below.

New 2013 Raleigh Real Estate Homes for Sale

Raleigh New Active 2013 Real Estate Recap

The “New Active Listings” with 1,233 homes represent the number of Raleigh real estate listings that came on the market in 2013 and haven’t yet gone under contract or sold.  This includes homes that were listed in Raleigh anytime between Jan. 1st and Dec. 31st 2013.

Take a peak at the new Raleigh NC Homes for Sale on the market in December (in alphabetical order by subdivisions).

Active Detached Homes Available at the End of 2013

Raleigh Active 2013 Real Estate Recap

“Active Listings” include all active listings on the market at the end of 2013 in Raleigh.  To get the number of homes listed before Jan. 1st 2013 we subtract new active from active which gives us:  34 homes in Raleigh that have been listed for over a 1 year period (compared to 91 in 2012).  This signifies only 1% of the total Raleigh real estate market which is a pretty healthy number.

With just under 1,500 homes for sale ranging from $39,900 to $4,850,000 with an average price of a home for sale in Raleigh being $414,390 (compared to $359,001 last year) we have affordable living available in one of the greatest cities in America (more on that in our collection of  Triangle area accolades).

Raleigh Homes Under Contract at the End of 2013

Raleigh Pending 2013 Real Estate Recap

At the end of 2013 there were 227 homes under contract, or in the “pending” status in Raleigh, NC.

Homes sold in Raleigh in 2013

Raleigh Closed 2013 Real Estate Recap

Here’s the big one:  A total of 5,389 single family detached homes were recorded in the TMLS to have sold in Raleigh in 2013 (compared with 4,394 in 2012).  The average sales price was $285,206 (compared with $276,168 in 2012) at $116.09 per square foot ($110.89 in 2012), closing at a healthy 98% of sales to list price (97% in 2012), and sitting an average of only 72 days on the market (117 days in 2012).

There’s a lot of great information above to get a good overview of 2013 Raleigh real estate.  Want more info?  Let us know!

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*Any reference to TMLS data is based on information from Triangle MLS, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Triangle MLS may not reflect all real estate activity in the market.

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Want to know more about Raleigh, NC?  Check out our all about Raleigh, NC webpage.

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