Sep 17, 2014
Another month, another sign of positive growth here on the Raleigh area real estate market!
I recently read an article that reported that home prices increased in July in Raleigh, although they remained flat in the Durham-Chapel Hill area.
The latest data comes from CoreLogic, a national data analysis provider.
This recent report is excellent news for anyone considering listing their property in Wake County anytime soon. Continue reading to learn more about this recent trend!
Why Home Sellers Are Enjoying Success on the Raleigh Housing Market
To compile its report, CoreLogic uses a repeat-sales index, which tracks increases and decreases in prices for the same properties over time.
Here’s an overview of the recent report released by CoreLogic:
- Home prices, including distress sales, rose 4.8 percent on the Raleigh real estate market.
- Meanwhile, in the Durham-Chapel Hill area, prices dropped by 0.2 percent.
- Home prices increased 7.4 percent across the country during the month of July
- This marked the 29th straight month that home prices have increased.
- Meanwhile, home prices were up 4.5 percent in the second quarter when compared with the same period a year ago.
- Durham-Chapel Hill home prices increased 4 percent during that same period.
Still, it’s important to note that not all home owners are going to see the price gains that CoreLogic is reporting. That’s because home prices can fluctuate for an array of reasons, including location, price point, and other factors.
Allow Us to Help You With Your Next Wake County Home Sale
To maximize the benefits of recent activity on the market for you as a home seller, it behooves you to work with an experienced real estate expert like us at The Rachel Kendall Team.
So please contact us today to learn about all the services we can provide to you as you navigate the market in Wake County – from a free home evaluation to a comprehensive marketing plan.
Until next time,
Rachel