Home Appreciation in Raleigh, North Carolina Area
This data compares home appreciation from the timeframe of July 2012-2013 to the timeframe of July 2017-2018
In Raleigh, homes have appreciated by 32% over the last 5 years. The average sales price between July 2012-2013 was $243,489 and five years later (July 2017-2018) it's $321,715. This represents a total appreciation of $78,226 for homeowners in Raleigh over the last five years.
The average days on market in Raleigh has decreased from 88 to 35. This is a significant decrease and only shows just how much buyer demand has increased locally.
Cary is largely a similar story to Raleigh in the fact that homes have appreciated by 26% over the last five years. While this…