September 2016 Housing Trends
Found 6 blog entries tagged as "Housing Trends".
Homes in Raleigh during the month of May 2016 sold for nearly 4.9% more than they did last year. This is a great sign of appreciation as the real estate market heats up in the summer months. People selling homes in Raleigh have had a much easier time in May 2016 than they did last year. The data shows that those who sold their home in May made on average, 4.5% more than those who sold last year. It's a terrific time to sell.
There was about 130 more homes active in May 2016 than in April 2016, and they were able to sell about 125 more. What's good about the month of May is that there was a 4.5% appreciation.
Over the last few weeks we have received numerous leads of people that are looking to…
January 2016 ended up a bit slower, and less efficient for people selling their home in Raleigh, NC than other months. Which is surprising since the data from the previous years had showed January as a great time to sell.
The biggest surprise was the lack of homes for sale on the market, and yet still the numbers were slightly down from December. The good news is that appreciation remains steady from January 2015 to January 2016 with a 4% appreciation.
Over the last few weeks we have received a number of requests from people wanting to see homes, so our guess is that as the weather begins to heat up, so will the local real estate market.…
December 2015 was a great time to sell your home in the Raleigh, NC area as homes sold for north of $275,000.
November was the hottest month of 2015, and for good reason. There was a lack of inventory, and demand was high. A great combination for selling a house.
What is shocking is how many people want to start looking at houses on January 2nd. The serious buyers just hit the market, and with a full head of steam, and New Year's Resolutions. That is why January is the best month to sell in Raleigh, NC!
The data from the end of 2015 is shaping up towards a great start for the Raleigh housing market in 2016. Our personal data is showing…
Raleigh residential homes sold just as fast and for $20,000 less on average than they did in the month of August. This is a considerable drop in price, especially as the number of homes for sale begins to decrease. Part of the reason September brings a fast sale price, as well as a drop in average sales price is schools. Once schools start people need a place, and those who haven’t sold feel the pressure of ‘missing’ the market.
This is an emotion sellers should NOT give in to. In fact a lot of the logic sellers repeat back to me is “the best time to sell a home is in the spring,” far from accurate! The best time to sell a home in Raleigh is during the Winter! So while every Real Estate Article you…