I know we’re a bit early but I was getting anxious to see how we are doing in the Raleigh area real estate market. It’s exciting to be tagged as the #2 city in the nation for a real estate rebound but I want to see the numbers start to uptick and couldn’t wait till next week…
So here goes – my good, bad and ugly for this month.
The tables below remember are for single family detached homes in Wake County and the information taken from the Triangle Multile Listing Service (our MLS). It includes places like Raleigh, N. Raleigh, Cary, Apex, Morrisville, Fuguay Varina, Holly Springs, and Wake Forest.
We’ve started to bring you some of those individual area market reports like earlier this month (Cary NC April Market Report) and will continue with those next week.
But for now let’s review what’s going on in Wake county…
First let’s look at all Active Detached homes for sale in the Triangle MLS for Wake County
Of all the actives listings above – below are the new listings to come on the market in Wake county so far this month:
Total properties pending or under contract:
Total properties sold and closed so far this month:
I thought you would like to see the High, Low, and Average prices on these charts as well as the Average Days on Market.
Now if you’ve followed my previous reports you know that I like to also know what’s going on as far as showings go. After all if nobody’s looking nobody’s buying… So here’s the showings activity so far this year from our CSS. The report indicates an upswing in showing activity – which is a good indicator.
I find it interesting to see what price level is getting the most showings or activity in our Raleigh Market. Below you’ll see that not much condo activity but it certainly swells around the $300K price point and then trickles down from there.
So there’s what we have – looks like active listings are down, as well as the average price per square foot from last year. Days on the market are higher, but the average sales price for Wake county has actually increased a little over 4%. We’ll be keeping a close eye on the market in the days and week ahead. We want to make sure we prove Ms. Corcoran right!
About the author: Pamela is a Raleigh Realtor with The St. Peter HomeSelling Team at Prudential YSU Realty in the Triangle.
Pamela can be reached via email at Pamela@RaleighHomesOnline.com or by calling (919) 645-2522.