Raleigh Real Estate Market Update May, 2015
Raleigh Real Estate Market statistics for May, 2015.
WOW. Average sales price is up 7.48% for residential home sales in the city of Raleigh, North Carolina in May of 2015 when compared to the same month last year.
Homes in Raleigh Are Selling For More and Faster
Homes are selling for $12,000 more in the month of May and 5 days faster when compared to last month's Raleigh market report.
Clearly some month's are better than others when selling homes, so when is the best time to sell your home?
It's A Sellers Market in Raleigh
Raleigh Real Estate Market Activity
The Raleigh Real Estate Market is hot. 885 residential homes sold in the month of May 2015.
May 2015 Numbers
$276,609 - The average listing price for homes that sold in May 2015
$272,606 - The average sale price for homes that sold in May 2015
98.52% - The list to close price ratio for homes that sold in May 2015
53 – Average Days on Market in May
Raleigh Real Estate Market Analysis
What a great time to be a seller in Raleigh. Homes are selling almost 10% faster and for $12,000 more than they were last month.
The nice weather has buyers out shopping for real estate in Raleigh, and with the low inventory levels it's hard to find the perfect home. When you do, there's a strong chance you'll have competing offers. Rental prices continue their strong increase, creating pressure for renters to look to 30 year mortgages which are at all time lows.
Raleigh Real Estate Information
It's a great time if you're buying homes for sale in Raleigh, NC. With rates this low, over the course of 30 years you will be paying SIGNIFICANTLY less than you would if they go up a half point. If you're thinking of buying, and want to learn more about mortgages here is everything you need to know.
Data is prepared by Ryan Fitzgerald a local Raleigh Realtor. These home stats 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.
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Hi 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!