Raleigh Real Estate Local Market Update April 2015

Posted by Ryan Fitzgerald on Friday, May 22nd, 2015 at 4:15pm.

Raleigh Real Estate Market Update April, 2015

We would like to start by thanking the Raleigh Regional Association of Realtors® and Triangle MLS for providing the data in this report. The Raleigh Real Estate Market statistics from April 2015 have been released. 

Real Estate trends in Raleigh continue their strong performance. Homes are selling for 6.62% more in April of 2015 than they did in April of 2014. This is great news for homeowners.The inventory of homes for sale is significantly lower which is creating a great seller’s market. Below you will find information as it relates to trends in the Raleigh Real Estate Market.

Who do you know that is buying or selling real estate in Raleigh? Be sure to share this information with them.

All Raleigh Homes for Sale

Raleigh Real Estate Market Update April 2015

Raleigh Real Estate Market Activity For Sold Homes

770 residential homes sold in the month of April 2015. This is down from 772 homes sold in April 2014.

April 2015 Numbers

$266,025 - The average listing price for homes that sold in April 2015 - $266,025

$260,641 - The average sale price for homes that sold in April 2015

97.98% - The list to close price ratio for homes that sold in April 2015

58 – Average Days on Market

April 2014 Numbers

$248,088 - The average listing price for homes that sold in April 2014 - $248,088

$244,439 - The average sale price for homes that sold in April 2014

98.53% - The list to close price ratio for homes that sold in April 2014

70 – Average Days on Market

Raleigh Real Estate Market Analysis

It’s a great time to be a seller in this market. There is a low supply of homes, and a high demand, creating a great sellers market.

The growth of Raleigh continues as people are continuing to move to the area. Rental prices are skyrocketing which is creating pressure for renters to begin looking to buy. Most people don’t realize they can afford to buy a home today. The days of needing a 20% down payment for a mortgage are gone. There is a good chance your monthly mortgage payment here in Raleigh will be less than the amount you are paying in rent. Here is everything you need to know about mortgages in Raleigh.

Data is prepared by Ryan Fitzgerald a local Raleigh Realtor. These numbers are specific to the city of Raleigh and do not include the surrounding areas of Durham, Chapel Hill, Cary, Apex, Holly Springs, Morrisville, Fuquay-Varina, Garner, Clayton, Wake Forest, and Hillsborough.

All Raleigh Homes for Sale


Share This Article

 

Ryan Fitzgerald Raleigh RealtyHi there! I'm Ryan Fitzgerald, a REALTOR in Raleigh-Durham, NC and the owner of Raleigh Realty. Chances are you and I share a similar passion, Real Estate! I also have a passion for technology, sports, and people. Would love to hear from you. Drop me a note in the comments section below and feel free to share this article socially!

 

Leave a Comment