February 2014 Raleigh Real Estate Market Review

Raleigh Real Estate Market Review in February 2014Raleigh area home buyers and sellers here’s your Raleigh real estate market review for February 2014!  

Closing for an average sales price of $269,334, single family detached homes in Raleigh closed for an average of 97% sale to list price in February and sat on the market for an average of only 88 days.

For a snapshot of how single family detached real estate performed in February 2014, the pie chart shows the percentage of newly active listings, total active listings (on the market longer than 1 month), closed listings, and homes that went under contract last month.

Last month a solid 24% of the Raleigh real estate activity accounted for either closed or pending transactions (compared with 28% in February 2013 and 19% in February 2012 and 12% in February 2011).  19% of the activity accounting for newly active listings.

Newly Active Raleigh Real Estate in February

Raleigh New Active Real Estate in February 2014

Take a peak at the new Raleigh NC Homes for Sale on the market in February

Active Raleigh Detached Real Estate for sale last month

Raleigh Active Real Estate in February 2014

Raleigh offers ample opportunities for individuals and families with diverse wants and needs to find a home here.  With just over 1300 homes for sale ranging between $43,000 and $4,850,000, with the right Realtor®, home buyers are sure to find a home that meets their needs.

Whether you’ve outgrown your home and need something larger; are relocating to the area, are empty-nesters ready to down-size, or are just looking to capitalize on the Triangle investment opportunities, locating a great match (with the right Realtor®) will not be an problem here in Raleigh.

Raleigh Real Estate that went Under Contract in February

Raleigh Pending Real Estate in February 2014

Raleigh Homes that sold in February 2014

Raleigh Closed Real Estate in February 2014

For a year over year comparison of single family detached home performance in Raleigh there were 275 sold homes in February 2014, 315 in February 2013, 274 in February 2012 and 202 in February 2011.

*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.

Whatever your Triangle real estate needs, we are here for you.  Give us a call and we’ll help you through your home buying and selling transitions.  With decades of experience – real estate is what we love and what we do.  If you like, read a bit about what some of our past clients have had to say about us in their testimonials and reviews.

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